Ducommun Inc Stock Forecast
Ducommun Inc stock downgraded to Buy Candidate
(Updated on May 03, 2024)
The Ducommun Inc stock price gained 1.51% on the last trading day (Friday, 3rd May 2024), rising from $55.07 to $55.90. 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 1.51% from a day low at $55.07 to a day high of $55.90. The price has risen in 6 of the last 10 days and is up by 7.46% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 36 thousand shares were bought and sold for approximately $2.02 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 lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.49% during the next 3 months and, with a 90% probability hold a price between $56.32 and $65.29 at the end of this 3-month period.
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DCO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.60%. 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). The Ducommun 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 $54.51 and $52.32. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Ducommun Inc stock
Ducommun Inc finds support from accumulated volume at $55.86 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 $0.83 between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: $53.94 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (DCO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ducommun Inc to open at $55.62, and during the day (based on 14 day Average True Range), to move between $54.68 and $57.12, which gives a possible trading interval of +/-$1.22 (+/-2.19%) up or down from last closing price. If Ducommun Inc takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.86 (0.07%) than the resistance at $56.81 (1.63%), 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
Ducommun Inc will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.530. We will update the financials statements for Ducommun Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.94% in the first trading day after earnings release.
Is Ducommun Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ducommun Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.178 Buy Candidate Downgraded
Predicted Opening Price for Ducommun Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $55.62 ( 0.495%) | $55.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.45 | 0.99 % | |
| R2 | 56.14 | 0.422 % | ||
| R1 | 55.94 | 0.0722 % | ||
| Current price: | 55.90 | |||
| Support | S1 | 55.31 | -1.06 % | |
| S2 | 55.11 | -1.41 % | ||
| S3 | 54.79 | -1.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 56.81 | 1.63 % | ||
| Current price | 55.90 | |||
| Support | S1 | 55.86 | -0.0716% | |
| S2 | 55.61 | -0.519% | ||
| S3 | 54.05 | -3.31% |
DCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2011 | Feb 16, 2011 | Mar 04, 2011 | $0.0750 | 0.334% |
| 2 | Nov 05, 2010 | Nov 17, 2010 | Dec 03, 2010 | $0.0750 | 0.324% |
| 3 | Jul 29, 2010 | Aug 18, 2010 | Sep 03, 2010 | $0.0750 | 0.359% |
| 4 | May 05, 2010 | May 19, 2010 | Jun 04, 2010 | $0.0750 | 0.407% |
| 5 | Feb 02, 2010 | Feb 17, 2010 | Mar 05, 2010 | $0.0750 | 0.383% |
FAQ
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