DBS Group Holdings Ltd Stock Forecast
DBS Group Holdings Ltd stock price ended at $101.10 on Friday, after gaining 0.0792%.
(Updated on Apr 26, 2024)
The DBS Group Holdings Ltd stock price gained 0.0792% on the last trading day (Friday, 26th Apr 2024), rising from $101.02 to $101.10. During the last trading day the stock fluctuated 1.30% from a day low at $100.00 to a day high of $101.30. The price has risen in 6 of the last 10 days but is still down by -3.86% for this period. Volume fell on the last day by -7 thousand shares and in total, 30 thousand shares were bought and sold for approximately $2.99 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $101.23. A reaction back to this level may hold a second chance to get out before further falls.
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DBSDY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.0792%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DBS Group Holdings Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $106.95 and $105.42. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for DBS Group Holdings Ltd stock
DBS Group Holdings Ltd finds support from accumulated volume at $97.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.30 (1.30%) between high and low. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DBSDY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect DBS Group Holdings Ltd to open at $100.80, and during the day (based on 14 day Average True Range), to move between $98.19 and $104.01, which gives a possible trading interval of +/-$2.91 (+/-2.87%) 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 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $102.05 (0.94%) than the support at $97.10 (3.96%), 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?
The DBS Group Holdings Ltd stock holds several negative signals and despite the positive trend, we believe DBS Group Holdings Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.313 Sell Candidate Unchanged
Predicted Opening Price for DBS Group Holdings Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $100.80 ( 0.297%) | $101.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBSDY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.10 | 0.99 % | |
| R2 | 101.60 | 0.498 % | ||
| R1 | 101.30 | 0.194 % | ||
| Current price: | 101.10 | |||
| Support | S1 | 100.30 | -0.788 % | |
| S2 | 100.00 | -1.09 % | ||
| S3 | 99.50 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.45 | 7.27 % | |
| R2 | 107.13 | 5.96 % | ||
| R1 | 102.05 | 0.94 % | ||
| Current price | 101.10 | |||
| Support | S1 | 97.10 | -3.96% | |
| S2 | 97.04 | -4.02% | ||
| S3 | 95.49 | -5.55% |
DBSDY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 29, 2024 | $1.56 | 1.54% |
| 2 | Nov 15, 2023 | Nov 15, 2023 | Dec 07, 2023 | $1.37 | 1.62% |
| 3 | Aug 04, 2023 | Aug 11, 2023 | Sep 05, 2023 | $1.43 | 1.60% |
| 4 | May 12, 2023 | May 12, 2023 | Jun 01, 2023 | $1.26 | 1.52% |
| 5 | Jun 28, 2023 | Apr 06, 2023 | May 01, 2023 | $2.73 | 3.02% |
FAQ
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