Don’t Forget to Observe This Stock: Royal Deluxe Holdings Limited (HKSE:3789)

Royal Deluxe Holdings Limited (HKSE:3789) PERFORMANCE ANALYSIS IN FOCUS:

Royal Deluxe Holdings Limited (HKSE:3789) has performed -10% around last month and performed -10% over the last quarter. The stock showed return of -58.947368% over five years and registered weekly return of -10%. The stock has been watched at -35% return throughout last twelve months.

Tracking last 52 weeks, the stock 52 week high price observed at HKD$0.57 and 52 week low seen at HKD$0.22. The 50 SMA is HKD$0.254429 and 200 SMA is HKD$0.289399. Moving averages can be used as support or resistance when a trader looks for a possible entry or exit in the market. This can also be said in the following way. In case the price makes a contact with the moving average on the price chart, the trader, examining closely this chart, will enter either into a long, or into a short position. Actually, this works in the same way as horizontal support or resistance lines. Moving averages are known as dynamic support and resistance, simply because they tend to change with prices.

Royal Deluxe Holdings Limited (HKSE:3789) stock has changed HKD$-0.004 and moved -1.680676% whereas stock price touched at HKD$0.234 in last trade transaction. 500000 shares exchanged at hands while it’s an average volume stands with 304800 shares. The company recorded relative volume of 1.64. When an analyst or an investor is researching a stock, it’s good to know what other investors think about it. After all, they might have some additional insight into the company or they might be creating a trend. Most popular methods for gauging market sentiment is to take a look at the recently traded volume.

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Volatility or average true range percent (ATRP 14) is 4.35%. The ATR expressed as a percentage of closing price. Average true range percent (ATRP) measures volatility on a relative level. ATRP allows securities to be compared whereas ATR does not. That means lower-priced stocks won’t necessarily have lower ATR values than higher-priced stocks.

VALAATION OBSERVATIONS:

It has a market cap of HKD$34884000. Using market capitalization to show the size of a company is important because company size is a basic determinant of various characteristics in which investors are interested, including risk.

TECHNICAL INDICATORS:

Now The company has RSI figure of 35.41. RSI compares the magnitude of recent gains to recent losses to see if an asset is oversold or overbought. RSI is plotted on a scale of 0-100. Generally, if it is above 70, the stock is considered overbought and so one can look to sell it. Similarly, an RSI of less than 30 indicates the stock is oversold and can be bought.

ADX value listed at 31.05. The ADX indicator measures the strength of a trend and can be useful to determine if a trend is strong or weak. High readings indicate a strong trend and low readings indicate a weak trend. When this indicator is showing a low reading then a trading range is likely to develop. Avoid stocks with low readings! You want to be in stocks that have high readings. This indicator stands for Average Directional Index. On some charting packages there are two other lines on the chart, +DI and -DI (the DI part stands for Directional Indicator). Ignore these lines. Trying to trade according to these two lines is a great way to lose money! The only thing that we are concerned with is the ADX itself.

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