Dunxin Financial Holdings Limited Stock Forecast
Volatile ride for Dunxin Financial Holdings Limited stock price on Thursday moving between $0.265 and $0.350
(Updated on Apr 18, 2024)
The Dunxin Financial Holdings Limited stock price gained 2.47% on the last trading day (Thursday, 18th Apr 2024), rising from $0.271 to $0.278. During the last trading day the stock fluctuated 32.13% from a day low at $0.265 to a day high of $0.350. The price has been going up and down for this period, and there has been a -0.89% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $383.09 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.267 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.22% during the next 3 months and, with a 90% probability hold a price between $0.232 and $0.381 at the end of this 3-month period.
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DXF Signals & Forecast
There are mixed signals in the stock today. The Dunxin Financial Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.287 and $0.317. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.74%. 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). Dunxin Financial Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Dunxin Financial Holdings Limited stock
Dunxin Financial Holdings Limited finds support from accumulated volume at $0.273 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0851 between high and low, or 32.13%. For the last week, the stock has had daily average volatility of 15.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DXF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Dunxin Financial Holdings Limited to open at $0.297, and during the day (based on 14 day Average True Range), to move between $0.242 and $0.313, which gives a possible trading interval of +/-$0.0353 (+/-12.71%) up or down from last closing price. If Dunxin Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 25.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.273 (1.55%) than the resistance at $0.287 (3.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dunxin Financial Holdings Limited stock A Buy?
Dunxin Financial Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.808 Sell Candidate Unchanged
Predicted Opening Price for Dunxin Financial Holdings Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.297 ( 7.20%) | $0.278 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.383 | 37.86 % | |
| R2 | 0.350 | 26.15 % | ||
| R1 | 0.330 | 18.91 % | ||
| Current price: | 0.278 | |||
| Support | S1 | 0.265 | -4.52 % | |
| S2 | 0.245 | -11.76 % | ||
| S3 | 0.212 | -23.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.342 | 23.28 % | |
| R2 | 0.336 | 21.05 % | ||
| R1 | 0.287 | 3.50 % | ||
| Current price | 0.278 | |||
| Support | S1 | 0.273 | -1.55% | |
| S2 | 0.271 | -2.41% | ||
| S3 | 0.270 | -2.67% |
FAQ
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