Dominate Group Holdings Company Limited Stock Forecast

Volatile ride for Dominate Group Holdings Company Limited stock price on Tuesday moving between HK$0.165 and HK$0.224
(Updated on Jun 18, 2024)

8537.HK Signals & Forecast

The Dominate Group Holdings Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.159 and HK$0.0557. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -29.41%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Dominate Group Holdings Company Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0590 between high and low, or 35.76%. For the last week, the stock has had daily average volatility of 16.71%.

Our recommended stop-loss: HK$0.170 (-5.50%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (8537.HK) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Dominate Group Holdings Company Limited to open at HK$0.190, and during the day (based on 14 day Average True Range), to move between HK$0.157 and HK$0.203, which gives a possible trading interval of +/-HK$0.0228 (+/-12.68%) up or down from last closing price. If Dominate Group Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 25.36% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.184, some HK$0.0040 (2.22%) from the current price of HK$0.180, our system finds the risk reward not very attractive.

Is Dominate Group Holdings Company Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dominate Group Holdings Company Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.199 Buy Candidate Upgraded

Predicted Opening Price for Dominate Group Holdings Company Limited of Wednesday, June 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.