Davita Inc. Stock Forecast
Green day on Monday for Davita Inc. stock after gaining 0.788%
(Updated on Jun 17, 2024)
The Davita Inc. stock price gained 0.788% on the last trading day (Monday, 17th Jun 2024), rising from $140.78 to $141.89. During the last trading day the stock fluctuated 1.79% from a day low at $139.39 to a day high of $141.89. The price has fallen in 6 of the last 10 days and is down by -2.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 575 more shares were traded than the day before. In total, 576 shares were bought and sold for approximately $81.73 thousand.
The stock lies in the middle of a wide and weak 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 7.67% during the next 3 months and, with a 90% probability hold a price between $143.31 and $160.06 at the end of this 3-month period.
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0I7E.L Signals & Forecast
The Davita Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $141.96. On a fall, the stock will find some support from the long-term average at approximately $139.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Davita Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -3.29%. 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).
Support, Risk & Stop-loss for Davita Inc. stock
Davita Inc. finds support from accumulated volume at $138.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.50 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: $134.57 (-5.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (0I7E.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Davita Inc. to open at $141.06, and during the day (based on 14 day Average True Range), to move between $138.65 and $145.13, which gives a possible trading interval of +/-$3.24 (+/-2.28%) up or down from last closing price. If Davita Inc. takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $142.24 (0.25%) than the support at $138.16 (2.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Davita 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 Davita Inc. stock to perform well in the short-term.
Current score: 2.661 Buy Candidate Unchanged
Predicted Opening Price for Davita Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $141.06 ( 0.587%) | $141.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0I7E.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 143.56 | 1.17% |
| R2 | 142.60 | 0.502% |
| R1 | 142.01 | 0.0857% |
| Price | 141.89 | |
| S1 | 140.10 | -1.26% |
| S2 | 139.51 | -1.68% |
| S3 | 138.56 | -2.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 145.30 | 2.40% |
| R2 | 142.83 | 0.662% |
| R1 | 142.24 | 0.247% |
| Price | 141.89 | |
| S1 | 138.16 | -2.63% |
| S2 | 138.15 | -2.64% |
| S3 | 128.13 | -9.70% |
0I7E Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 0.256% |
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