The stock of Dunxin Financial Holdings Limited (NYSE:DXF) is now priced at $0.66 and the shares are -0.02 points down or -3.42% lower compared to its previous closing price of $0.68. The stock had 108481 contracts set over the past session. DXF shares’ daily volume is compared to its average trading volume at 581051 shares. However, it has a float of 6.95 million and although its performance was 1.54% over the week, it’s one to watch. DXF share price recently placing at $0.67 to $0.7. However, some brokerage firms have priced the stock below the average, including one that has called $24.84.
The shorts are running away from the Dunxin Financial Holdings Limited stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the DXF shares have declined. Short interest in the stock represents just 1.45% of its float, but the volume has dropped by 0.
In the last trading session, Dunxin Financial Holdings Limited (NYSE:DXF) dropped by -$0.0756 over the week and lost -$0.2121 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $2.09. The stock recorded its established 52-week high on 08/15/19.
Since 04/24/20, the stock has traded to a low of $0.3702 at 77.47%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.96. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Dunxin Financial Holdings Limited’s two-week RSI is 46.19. This suggests that the stock is neutral at the moment and that DXF shares’ price movement remains stable. The stochastic readings are equally revealing at 10.85% meaning the DXF share price is currently in overbought territory.
The technical chart shows that the DXF stock will likely settle at between $0.6965 and $0.7128 per share. However, if the stock dips below $0.6674, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.6546.
Currently, the stock is trading in the red of MACD, with a reading of -0.0224. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Elsewhere, the DXF stocks P/S ratio currently stands at 3.3below the group’s average of 25.7. Dunxin Financial Holdings Limited has its P/E ratio at 0.3, which means that the stock is currently trading at a discount relative to the 4.9 industry average.