Delek US Stock Forecast
Stronger technical forecast for Delek US stock price after Tuesday trading.
(Updated on May 07, 2024)
The Delek US stock price gained 4.61% on the last trading day (Tuesday, 7th May 2024), rising from $26.69 to $27.92. During the last trading day the stock fluctuated 7.73% from a day low at $27.05 to a day high of $29.14. The price has fallen in 6 of the last 10 days and is down by -6.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $77.19 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.73 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.44% during the next 3 months and, with a 90% probability hold a price between $28.99 and $37.26 at the end of this 3-month period.
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DK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 4.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Delek US stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $30.11. On a fall, the stock will find some support from the short-term average at $27.38. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Delek US stock
Delek US finds support from accumulated volume at $27.33 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 $2.09 between high and low, or 7.73%. For the last week, the stock has had daily average volatility of 4.13%.
Our recommended stop-loss: $26.63 (-4.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (DK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Delek US Holdings Inc to open at $28.04, and during the day (based on 14 day Average True Range), to move between $26.92 and $28.92, which gives a possible trading interval of +/-$1.00 (+/-3.58%) up or down from last closing price. If Delek US Holdings Inc takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.33 (2.11%) than the resistance at $29.50 (5.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Delek US Holdings Inc stock A Buy?
Delek US holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.069 Hold/Accumulate Upgraded
Predicted Opening Price for Delek US Holdings Inc of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$28.04 ( 0.418%) | $27.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.13 | 7.90 % | |
R2 | 29.33 | 5.04 % | ||
R1 | 28.84 | 3.28 % | ||
Current price: | 27.92 | |||
Support | S1 | 27.24 | -2.44 % | |
S2 | 26.75 | -4.21 % | ||
S3 | 25.95 | -7.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.17 | 15.22 % | |
R2 | 30.74 | 10.10 % | ||
R1 | 29.50 | 5.66 % | ||
Current price | 27.92 | |||
Support | S1 | 27.33 | -2.11% | |
S2 | 26.50 | -5.09% | ||
S3 | 25.72 | -7.88% |
DK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 16, 2024 | May 24, 2024 | $0.250 | 0.90% |
2 | Feb 20, 2024 | Feb 29, 2024 | Mar 08, 2024 | $0.245 | 0.92% |
3 | Nov 01, 2023 | Nov 10, 2023 | Nov 20, 2023 | $0.240 | 0.87% |
4 | Aug 04, 2023 | Aug 11, 2023 | Aug 21, 2023 | $0.235 | 0.88% |
5 | May 02, 2023 | May 12, 2023 | May 22, 2023 | $0.230 | 1.00% |
FAQ
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