Douglas Emmett Inc Stock Forecast
Douglas Emmett Inc stock price up 0.361% on Monday
(Updated on May 06, 2024)
The Douglas Emmett Inc stock price gained 0.361% on the last trading day (Monday, 6th May 2024), rising from $13.85 to $13.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.94% from a day low at $13.78 to a day high of $14.18. The price has risen in 6 of the last 10 days and is up by 4.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $15.64 million.
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 $12.94 and $14.48 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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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 $13.69 and $13.44. 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 8.93%. 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.
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 $0.405 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: $13.28 (-4.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (DEI) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Douglas Emmett Inc to open at $13.95, and during the day (based on 14 day Average True Range), to move between $13.43 and $14.37, which gives a possible trading interval of +/-$0.470 (+/-3.38%) up or down from last closing price. If Douglas Emmett Inc takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.63 (1.94%) than the resistance at $14.24 (2.45%), 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
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: 2.523 Buy Candidate Unchanged
Predicted Opening Price for Douglas Emmett Inc of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$13.95 ( 0.372%) | $13.90 |
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 | 14.36 | 3.29 % | |
R2 | 14.20 | 2.17 % | ||
R1 | 14.11 | 1.48 % | ||
Current price: | 13.90 | |||
Support | S1 | 13.80 | -0.741 % | |
S2 | 13.70 | -1.43 % | ||
S3 | 13.55 | -2.54 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 14.24 | 2.45 % | ||
Current price | 13.90 | |||
Support | S1 | 13.63 | -1.94% | |
S2 | 13.31 | -4.24% | ||
S3 | 13.17 | -5.25% |
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
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