Dave & Buster Stock Forecast
Dave & Buster stock price ended at $53.70 on Friday, after gaining 0.131%.
(Updated on Apr 19, 2024)
The Dave & Buster stock price gained 0.131% on the last trading day (Friday, 19th Apr 2024), rising from $53.63 to $53.70. During the last trading day the stock fluctuated 2.07% from a day low at $53.06 to a day high of $54.16. The price has fallen in 9 of the last 10 days and is down by -16.9% for this period. Volume fell on the last day by -99 thousand shares and in total, 944 thousand shares were bought and sold for approximately $50.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $53.74. A reaction back to this level may hold a second chance to get out before further falls.
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PLAY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.131%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dave & Buster 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 $55.24 and $61.16. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dave & Buster stock
Dave & Buster finds support from accumulated volume at $53.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.10 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 3.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLAY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Dave & Buster to open at $53.64, and during the day (based on 14 day Average True Range), to move between $51.31 and $56.09, which gives a possible trading interval of +/-$2.39 (+/-4.45%) up or down from last closing price. If Dave & Buster takes out the full calculated possible swing range there will be an estimated 8.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $53.63 (0.13%) than the resistance at $54.43 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dave & Buster stock A Buy?
The Dave & Buster stock holds several negative signals and despite the positive trend, we believe Dave & Buster will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.916 Sell Candidate Unchanged
Predicted Opening Price for Dave & Buster of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $53.64 ( 0.112%) | $53.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.74 | 1.94 % | |
| R2 | 54.32 | 1.15 % | ||
| R1 | 54.06 | 0.671 % | ||
| Current price: | 53.70 | |||
| Support | S1 | 53.22 | -0.89 % | |
| S2 | 52.96 | -1.38 % | ||
| S3 | 52.54 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.10 | 21.23 % | |
| R2 | 56.09 | 4.45 % | ||
| R1 | 54.43 | 1.36 % | ||
| Current price | 53.70 | |||
| Support | S1 | 53.63 | -0.130% | |
| S2 | 53.53 | -0.317% | ||
| S3 | 50.70 | -5.59% |
PLAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2019 | Jan 09, 2020 | Feb 10, 2020 | $0.160 | 0.347% |
| 2 | Sep 20, 2019 | Oct 10, 2019 | Nov 11, 2019 | $0.160 | 0.402% |
| 3 | Jun 13, 2019 | Jun 24, 2019 | Jul 10, 2019 | $0.150 | 0.379% |
| 4 | Mar 11, 2019 | Mar 25, 2019 | Apr 10, 2019 | $0.150 | 0.288% |
| 5 | Dec 14, 2018 | Dec 24, 2018 | Jan 10, 2019 | $0.150 | 0.293% |
FAQ
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