Donaldson Company, Inc Stock Forecast

Donaldson Company, Inc stock upgraded from Hold/Accumulate to Strong Buy Candidate after Monday trading session.
(Updated on May 06, 2024)

DCI Signals & Forecast

Mostly positive signals in the chart today. The Donaldson Company, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $73.16 and $73.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.04%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, August 07, 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 Donaldson Company, Inc stock

Donaldson Company, Inc finds support from accumulated volume at $73.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.02 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $71.68 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (DCI) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Donaldson Company, Inc to open at $74.95, and during the day (based on 14 day Average True Range), to move between $74.18 and $76.34, which gives a possible trading interval of +/-$1.08 (+/-1.44%) up or down from last closing price. If Donaldson Company, Inc takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $73.73, some $1.53 (2.03%) from the current price of $75.26, our system finds the risk reward attractive.

Is Donaldson Company, Inc stock A Buy?

Donaldson Company, Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.085 Strong Buy Candidate Upgraded

Predicted Opening Price for Donaldson Company, Inc of Tuesday, May 7, 2024

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