DuPont de Nemours, Inc. Stock Forecast
DuPont de Nemours, Inc. stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The DuPont de Nemours, Inc. stock price fell by -0.622% on the last day (Thursday, 25th Apr 2024) from $73.96 to $73.50. During the last trading day the stock fluctuated 1.43% from a day low at $72.80 to a day high of $73.84. The price has been going up and down for this period, and there has been a -3.59% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -26 thousand shares and in total, 1 million shares were bought and sold for approximately $105.82 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $72.84 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.25% during the next 3 months and, with a 90% probability hold a price between $86.86 and $95.13 at the end of this 3-month period.
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DD Signals & Forecast
There are few to no technical positive signals at the moment. The DuPont de Nemours, Inc. 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 $73.67 and $74.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.89%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for DuPont de Nemours, Inc. stock
DuPont de Nemours, Inc. finds support from accumulated volume at $73.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.04 (1.43%) between high and low. For the last week, the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: $69.81 (-5.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (DD) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect DuPont de Nemours, Inc. to open at $73.38, and during the day (based on 14 day Average True Range), to move between $72.37 and $74.63, which gives a possible trading interval of +/-$1.13 (+/-1.54%) up or down from last closing price. If DuPont de Nemours, Inc. takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $73.43 (0.10%) than the resistance at $73.78 (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
DuPont de Nemours, Inc. will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.650. We will update the financials statements for DuPont de Nemours, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.41% in the first trading day after earnings release.
Is DuPont de Nemours, Inc. stock A Buy?
DuPont de Nemours, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.891 Hold/Accumulate Upgraded
Predicted Opening Price for DuPont de Nemours, Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$73.38 ( 0.163%) | $73.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 74.42 | 1.25 % | |
R2 | 74.02 | 0.711 % | ||
R1 | 73.78 | 0.377 % | ||
Current price: | 73.50 | |||
Support | S1 | 72.98 | -0.704 % | |
S2 | 72.74 | -1.04 % | ||
S3 | 72.34 | -1.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 73.81 | 0.422 % | |
R2 | 73.80 | 0.408 % | ||
R1 | 73.78 | 0.381 % | ||
Current price | 73.50 | |||
Support | S1 | 73.43 | -0.0952% | |
S2 | 65.74 | -10.56% | ||
S3 | 61.21 | -16.72% |
DD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 17, 2024 | May 30, 2024 | Jun 17, 2024 | $0.380 | 0.517% |
2 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.380 | 0.517% |
3 | Oct 17, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.360 | 0.492% |
4 | Jun 27, 2023 | Jul 28, 2023 | Sep 15, 2023 | $0.360 | 0.483% |
5 | Apr 19, 2023 | May 30, 2023 | Jun 15, 2023 | $0.360 | 0.516% |
FAQ
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