Dunxin Financial Holdings Limited Stock Forecast

Dunxin Financial Holdings Limited stock price ended at $0.185 on Tuesday, after losing 2.89%.
(Updated on Jul 02, 2024)

DXF Signals & Forecast

There are mixed signals in the stock today. The Dunxin Financial Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.240. On a fall, the stock will find some support from the short-term average at $0.185. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Dunxin Financial Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 11.04%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Dunxin Financial Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.175 and $0.172. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dunxin Financial Holdings Limited finds support just below today's level at $0.175. If this is broken, then the next support from accumulated volume will be at $0.172 and $0.167.

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 $0.0093 between high and low, or 5.28%. For the last week, the stock has had daily average volatility of 6.80%.

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 Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Dunxin Financial Holdings Limited to open at $0.182, and during the day (based on 14 day Average True Range), to move between $0.155 and $0.215, which gives a possible trading interval of +/-$0.0301 (+/-16.26%) 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 32.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.186 (0.37%) than the support at $0.175 (5.41%), 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 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: -3.541 Sell Candidate Unchanged

Predicted Opening Price for Dunxin Financial Holdings Limited of Wednesday, July 3, 2024

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