DBS Group Holdings Ltd Stock Forecast
DBS Group Holdings Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The DBS Group Holdings Ltd stock price fell by -0.674% on the last day (Wednesday, 24th Apr 2024) from $111.25 to $110.50. During the last trading day the stock fluctuated 0.789% from a day low at $110.23 to a day high of $111.10. The price has risen in 6 of the last 10 days and is up by 4.93% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 29 thousand shares were bought and sold for approximately $3.26 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $111.49 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.04% during the next 3 months and, with a 90% probability hold a price between $121.50 and $128.25 at the end of this 3-month period.
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DBSDY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.674%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $108.10 and $105.42. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for DBS Group Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $97.10 and $97.04. 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, DBS Group Holdings Ltd finds support just below today's level at $97.10. If this is broken, then the next support from accumulated volume will be at $97.04 and $95.49.
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 $0.87 between high and low, or 0.789%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: $107.17 (-3.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DBSDY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect DBS Group Holdings Ltd to open at $110.61, and during the day (based on 14 day Average True Range), to move between $108.02 and $112.98, which gives a possible trading interval of +/-$2.48 (+/-2.24%) 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 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $111.25 (0.68%) than the support at $97.10 (12.13%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.916 Buy Candidate Upgraded
Predicted Opening Price for DBS Group Holdings Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $110.61 ( 0.0995%) | $110.50 |
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 | 111.48 | 0.89 % | |
| R2 | 111.15 | 0.586 % | ||
| R1 | 110.94 | 0.400 % | ||
| Current price: | 110.50 | |||
| Support | S1 | 110.28 | -0.201 % | |
| S2 | 110.07 | -0.387 % | ||
| S3 | 109.74 | -0.688 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 111.25 | 0.679 % | ||
| Current price | 110.50 | |||
| Support | S1 | 97.10 | -12.13% | |
| S2 | 97.04 | -12.18% | ||
| S3 | 95.49 | -13.58% |
DBSDY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 29, 2024 | $1.56 | 1.41% |
| 2 | Nov 15, 2023 | Nov 15, 2023 | Dec 07, 2023 | $1.37 | 1.48% |
| 3 | Aug 04, 2023 | Aug 11, 2023 | Sep 05, 2023 | $1.43 | 1.45% |
| 4 | May 12, 2023 | May 12, 2023 | Jun 01, 2023 | $1.26 | 1.38% |
| 5 | Jun 28, 2023 | Apr 06, 2023 | May 01, 2023 | $2.73 | 2.74% |
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