Duff & Phelps Utilities Income Inc Stock Forecast

Duff & Phelps Utilities Income Inc stock upgraded to Buy Candidate.
(Updated on May 03, 2024)

DNP Signals & Forecast

The Duff & Phelps Utilities Income 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 $8.76 and $8.91. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.345%. 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. The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-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 Duff & Phelps Utilities Income Inc stock

Duff & Phelps Utilities Income Inc finds support from accumulated volume at $8.72 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 $0.0900 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 0.86%.

Our recommended stop-loss: $8.24 (-5.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (DNP) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Duff & Phelps Utilities Income Inc to open at $8.73, and during the day (based on 14 day Average True Range), to move between $8.64 and $8.82, which gives a possible trading interval of +/-$0.0872 (+/-1.00%) up or down from last closing price. If Duff & Phelps Utilities Income Inc takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.72 (0.11%) than the resistance at $8.78 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Duff & Phelps Utilities Income Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.601 Buy Candidate Upgraded

Predicted Opening Price for Duff & Phelps Utilities Income Inc of Monday, May 6, 2024

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