DLH Holdings Corp. Stock Forecast
Stronger technical forecast for DLH Holdings Corp. stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The DLH Holdings Corp. stock price gained 0.184% on the last trading day (Wednesday, 24th Apr 2024), rising from $10.87 to $10.89. During the last trading day the stock fluctuated 2.43% from a day low at $10.71 to a day high of $10.97. The price has fallen in 7 of the last 10 days and is down by -11.25% for this period. Volume fell on the last day by -380 shares and in total, 19 thousand shares were bought and sold for approximately $209.47 thousand. 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 lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.78 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -31.58% during the next 3 months and, with a 90% probability hold a price between $7.37 and $8.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DLHC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.184%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DLH Holdings Corp. 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 $11.09 and $13.01. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for DLH Holdings Corp. stock
DLH Holdings Corp. finds support from accumulated volume at $10.87 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.260 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 3.20%.
DLH Holdings Corp. is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DLHC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect DLH Holdings Corp. to open at $10.86, and during the day (based on 14 day Average True Range), to move between $10.42 and $11.36, which gives a possible trading interval of +/-$0.467 (+/-4.29%) up or down from last closing price. If DLH Holdings Corp. takes out the full calculated possible swing range there will be an estimated 8.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.87 (0.18%) than the resistance at $11.10 (1.93%), 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
DLH Holdings Corp. will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.130. We will update the financials statements for DLH Holdings Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.45% in the first trading day after earnings release.
Is DLH Holdings Corp. stock A Buy?
DLH Holdings Corp. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.044 Sell Candidate Upgraded
Predicted Opening Price for DLH Holdings Corp. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $10.86 ( 0.306%) | $10.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.12 | 2.08 % | |
| R2 | 11.02 | 1.17 % | ||
| R1 | 10.96 | 0.606 % | ||
| Current price: | 10.89 | |||
| Support | S1 | 10.76 | -1.22 % | |
| S2 | 10.70 | -1.78 % | ||
| S3 | 10.60 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.78 | 17.36 % | |
| R2 | 12.73 | 16.90 % | ||
| R1 | 11.10 | 1.93 % | ||
| Current price | 10.89 | |||
| Support | S1 | 10.87 | -0.184% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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