Diebold Inc Stock Forecast
Diebold Inc stock downgraded to Sell Candidate
(Updated on May 01, 2024)
The Diebold Inc stock price fell by -1.58% on the last day (Wednesday, 1st May 2024) from $31.66 to $31.16. During the last trading day the stock fluctuated 4.41% from a day low at $30.37 to a day high of $31.71. The price has fallen in 7 of the last 10 days and is down by -5.29% for this period. Volume has increased on the last day by 54 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 152 thousand shares were bought and sold for approximately $4.73 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $30.42 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Diebold Inc stock with a 90% probability to be traded between $30.68 and $36.04 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.
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DBD Signals & Forecast
There are few to no technical positive signals at the moment. The Diebold Inc 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 $32.17 and $33.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -12.45%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Diebold Inc stock
Diebold Inc finds support from accumulated volume at $30.94 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 $1.34 between high and low, or 4.41%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DBD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Diebold Inc to open at $31.08, and during the day (based on 14 day Average True Range), to move between $30.14 and $32.18, which gives a possible trading interval of +/-$1.02 (+/-3.28%) up or down from last closing price. If Diebold Inc takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.94 (0.71%) than the resistance at $32.98 (5.84%), 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
Diebold Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.43. We will update the financials statements for Diebold Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 18.56% in the first trading day after earnings release.
Is Diebold Inc stock A Buy?
Diebold Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.567 Sell Candidate Downgraded
Predicted Opening Price for Diebold Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $31.08 ( 0.257%) | $31.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.42 | 4.04 % | |
| R2 | 31.91 | 2.40 % | ||
| R1 | 31.59 | 1.39 % | ||
| Current price: | 31.16 | |||
| Support | S1 | 30.57 | -1.90 % | |
| S2 | 30.25 | -2.91 % | ||
| S3 | 29.74 | -4.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.59 | 14.22 % | |
| R2 | 33.56 | 7.70 % | ||
| R1 | 32.98 | 5.84 % | ||
| Current price | 31.16 | |||
| Support | S1 | 30.94 | -0.706% | |
| S2 | 30.29 | -2.79% | ||
| S3 | 30.12 | -3.34% |
DBD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2018 | Feb 23, 2018 | Mar 16, 2018 | $0.100 | 0% |
| 2 | Oct 18, 2017 | Nov 16, 2017 | Dec 08, 2017 | $0.100 | 0% |
| 3 | Jul 13, 2017 | Aug 23, 2017 | Sep 15, 2017 | $0.100 | 0% |
| 4 | Apr 26, 2017 | May 17, 2017 | Jun 09, 2017 | $0.100 | 0% |
| 5 | Feb 08, 2017 | Feb 23, 2017 | Mar 17, 2017 | $0.100 | 0% |
FAQ
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