DineEquity Inc Stock Forecast
Evaluation of DineEquity Inc stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The DineEquity Inc stock price fell by -1.12% on the last day (Friday, 26th Apr 2024) from $45.68 to $45.17. During the last trading day the stock fluctuated 2.21% from a day low at $45.00 to a day high of $45.99. The price has risen in 8 of the last 10 days and is up by 5.49% over the past 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 -86 thousand shares and in total, 235 thousand shares were bought and sold for approximately $10.62 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.46% during the next 3 months and, with a 90% probability hold a price between $39.81 and $46.47 at the end of this 3-month period.
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DIN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The DineEquity Inc 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 $45.29. On a fall, the stock will find some support from the short-term average at $44.53. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for DineEquity Inc stock
DineEquity Inc finds support from accumulated volume at $45.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.99 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: $43.27 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (DIN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect DineEquity Inc to open at $45.38, and during the day (based on 14 day Average True Range), to move between $43.95 and $46.39, which gives a possible trading interval of +/-$1.22 (+/-2.71%) up or down from last closing price. If DineEquity Inc takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $45.15 (0.04%) than the resistance at $46.50 (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DineEquity Inc stock A Buy?
DineEquity Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.610 Hold/Accumulate Downgraded
Predicted Opening Price for DineEquity Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $45.38 ( 0.475%) | $45.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.38 | 2.67 % | |
| R2 | 46.00 | 1.83 % | ||
| R1 | 45.76 | 1.32 % | ||
| Current price: | 45.17 | |||
| Support | S1 | 45.00 | -0.365 % | |
| S2 | 44.77 | -0.88 % | ||
| S3 | 44.39 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.51 | 7.39 % | |
| R2 | 46.92 | 3.87 % | ||
| R1 | 46.50 | 2.94 % | ||
| Current price | 45.17 | |||
| Support | S1 | 45.15 | -0.0443% | |
| S2 | 43.51 | -3.68% | ||
| S3 | 43.22 | -4.32% |
DIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Mar 19, 2024 | Apr 05, 2024 | $0.510 | 1.18% |
| 2 | Nov 30, 2023 | Dec 19, 2023 | Jan 05, 2024 | $0.510 | 1.11% |
| 3 | Sep 07, 2023 | Sep 18, 2023 | Sep 29, 2023 | $0.510 | 1.03% |
| 4 | May 11, 2023 | Jun 16, 2023 | Jul 07, 2023 | $0.510 | 0.89% |
| 5 | Feb 21, 2023 | Mar 17, 2023 | Mar 31, 2023 | $0.510 | 0.754% |
FAQ
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