DBS Group Holdings Ltd Stock Forecast

Green day on Monday for DBS Group Holdings Ltd stock after gaining 0.222%
(Updated on Jun 03, 2024)

D05.SI Signals & Forecast

Mostly positive signals in the chart today. The DBS Group Holdings Ltd 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 S$35.84 and S$35.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 5.87%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for DBS Group Holdings Ltd stock

DBS Group Holdings Ltd finds support from accumulated volume at S$35.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved S$0.260 between high and low, or 0.724%. For the last week the stock has had daily average volatility of 0.747%.

Our recommended stop-loss: S$34.94 (-3.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 43 days ago.)

Trading Expectations (D05.SI) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect DBS Group Holdings Ltd to open at S$36.04, and during the day (based on 14 day Average True Range), to move between S$35.69 and S$36.45, which gives a possible trading interval of +/-S$0.382 (+/-1.06%) up or down from last closing price. If DBS Group Holdings Ltd takes out the full calculated possible swing range there will be an estimated 2.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at S$36.08 (0.03%) than the support at S$35.64 (1.19%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is DBS Group Holdings Ltd 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 DBS Group Holdings Ltd stock to perform well in the short-term.

Current score: 2.746 Buy Candidate Unchanged

Predicted Opening Price for DBS Group Holdings Ltd of Tuesday, June 4, 2024

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