RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DAVE
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Dave stock price ended at $39.57 on Wednesday, after losing 2.90%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 27, 2023 Gain 539.26% PDF

The Dave stock price fell by -2.90% on the last day (Wednesday, 27th Mar 2024) from $40.75 to $39.57. During the last trading day the stock fluctuated 6.18% from a day low at $39.32 to a day high of $41.75. The price has been going up and down for this period, and there has been a 17.14% gain 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 -28 thousand shares and in total, 112 thousand shares were bought and sold for approximately $4.44 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $41.29 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 391.27% during the next 3 months and, with a 90% probability hold a price between $152.61 and $202.84 at the end of this 3-month period.

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DAVE Signals & Forecast

The Dave stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $37.91 and $29.28. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -2.90%. 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.

Support, Risk & Stop-loss for Dave stock

On the downside, the stock finds support just below today's level from accumulated volume at $37.10 and $36.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dave finds support just below today's level at $37.10. If this is broken, then the next support from accumulated volume will be at $36.00 and $31.62.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $2.43 between high and low, or 6.18%. For the last week, the stock has had daily average volatility of 9.80%.

Our recommended stop-loss: $37.60 (-4.98%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (DAVE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dave Inc. to open at $40.21, and during the day (based on 14 day Average True Range), to move between $35.83 and $43.31, which gives a possible trading interval of +/-$3.74 (+/-9.45%) up or down from last closing price. If Dave Inc. takes out the full calculated possible swing range there will be an estimated 18.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $39.58 (0.03%) than the support at $37.10 (6.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Dave Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dave stock to perform well in the short-term.

Current score: 2.916 Buy Candidate Unchanged

Predicted Opening Price for Dave Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$40.21 ( 1.63%) $39.57

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DAVE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 42.64 7.77 %
R2 41.72 5.42 %
R1 41.14 3.97 %
Current price: 39.57
Support S1 39.29 -0.720 %
S2 38.71 -2.17 %
S3 37.78 -4.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 40.75 2.98 %
R2 40.23 1.67 %
R1 39.58 0.0253 %
Current price 39.57
Support S1 37.10 -6.24%
S2 36.00 -9.02%
S3 31.62 -20.09%

FAQ

What is the symbol for Dave Stock and on which exchange is it traded?
The symbol for Dave is DAVE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Dave Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dave stock to perform well in the short-term.

How to buy Dave Stock?
Dave Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dave Stock.

What's the current price of Dave Stock?
As of the end of day on the 2024-03-27, the price of an Dave (DAVE) share was $39.57.

What is the 52-week high and low for Dave Stock?
The 52-week high for Dave Stock is $43.99 and the 52-week low is $4.47.

What is the market capitalization of Dave Stock?
As of the 2024-03-27, the market capitalization of Dave is 498.737M.

When is the next earnings date for Dave?
The upcoming earnings date for Dave is May 14, 2024.
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About Dave Inc.

Dave Dave Inc. provides a suite of financial products and services through its financial service online platform. The company offers Insights, a personal financial management tool to manage income and expenses between paychecks for members; ExtraCash, a free overdraft and short-term credit alternative, which allows members to advance funds to their account and avoid a fee; and Side Hustle, a job application portal. It also provides Dave Banking, a dig... DAVE Profile

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