Douglas Emmett Inc Stock Forecast
Douglas Emmett Inc stock price ended at $13.85 on Friday, after gaining 0.80%.
(Updated on May 03, 2024)
The Douglas Emmett Inc stock price gained 0.80% on the last trading day (Friday, 3rd May 2024), rising from $13.74 to $13.85. During the last trading day the stock fluctuated 4.44% from a day low at $13.73 to a day high of $14.34. The price has risen in 6 of the last 10 days and is up by 4.06% over the past 2 weeks. Volume fell on the last day by -302 thousand shares and in total, 1 million shares were bought and sold for approximately $14.74 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Douglas Emmett Inc stock with a 90% probability to be traded between $13.01 and $14.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DEI Signals & Forecast
Mostly positive signals in the chart today. The Douglas Emmett Inc 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 $13.60 and $13.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.54%. 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 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.
A sell signal from a double top formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -5.63% to $13.07 within 12 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Douglas Emmett Inc stock
Douglas Emmett Inc finds support from accumulated volume at $13.63 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 $0.610 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: $13.30 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (DEI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Douglas Emmett Inc to open at $13.97, and during the day (based on 14 day Average True Range), to move between $13.37 and $14.33, which gives a possible trading interval of +/-$0.475 (+/-3.43%) up or down from last closing price. If Douglas Emmett Inc takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.87 (0.14%) than the support at $13.63 (1.59%), 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.
Earnings coming up
Douglas Emmett Inc will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for Douglas Emmett Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.92% in the first trading day after earnings release.
Is Douglas Emmett Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Douglas Emmett Inc stock to perform well in the short-term period.
Current score: 3.207 Buy Candidate Unchanged
Predicted Opening Price for Douglas Emmett Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $13.97 ( 0.89%) | $13.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.58 | 5.29 % | |
| R2 | 14.35 | 3.61 % | ||
| R1 | 14.21 | 2.57 % | ||
| Current price: | 13.85 | |||
| Support | S1 | 13.74 | -0.792 % | |
| S2 | 13.60 | -1.83 % | ||
| S3 | 13.36 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 14.24 | 2.82 % | ||
| R1 | 13.87 | 0.144 % | ||
| Current price | 13.85 | |||
| Support | S1 | 13.63 | -1.59% | |
| S2 | 13.31 | -3.90% | ||
| S3 | 13.17 | -4.91% |
DEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 27, 2024 | Apr 16, 2024 | $0.190 | 1.49% |
| 2 | Dec 13, 2023 | Dec 28, 2023 | Jan 17, 2024 | $0.190 | 1.38% |
| 3 | Sep 08, 2023 | Sep 28, 2023 | Oct 17, 2023 | $0.190 | 1.52% |
| 4 | May 24, 2023 | Jun 29, 2023 | Jul 18, 2023 | $0.190 | 1.38% |
| 5 | Mar 02, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.190 | 1.54% |
FAQ
Click here for our free guide on how to buy Douglas Emmett Inc Stock.
