Dutch Bros Inc. Stock Forecast
Stronger technical forecast for Dutch Bros Inc. stock price after Friday trading.
(Updated on May 03, 2024)
The Dutch Bros Inc. stock price gained 1.26% on the last trading day (Friday, 3rd May 2024), rising from $26.95 to $27.29. During the last trading day the stock fluctuated 3.13% from a day low at $26.85 to a day high of $27.69. The price has fallen in 7 of the last 10 days and is down by -8.94% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 480 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $51.20 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 $27.00 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 8.24% during the next 3 months and, with a 90% probability hold a price between $29.22 and $40.03 at the end of this 3-month period.
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BROS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.26%. 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 Dutch Bros 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 $27.89 and $31.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dutch Bros Inc. stock
Dutch Bros Inc. finds support from accumulated volume at $27.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.84 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 2.93%.
Dutch Bros Inc. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $25.58 (-6.28%) (This stock has high daily movements and this gives high risk. Low RSI14 is 12 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (BROS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Dutch Bros Inc. to open at $27.28, and during the day (based on 14 day Average True Range), to move between $26.29 and $28.29, which gives a possible trading interval of +/-$1.00 (+/-3.65%) up or down from last closing price. If Dutch Bros Inc. takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.40 (0.40%) than the support at $27.04 (0.92%), 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.
Earnings coming up
Dutch Bros Inc. will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0200. We will update the financials statements for Dutch Bros Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.78% in the first trading day after earnings release.
Is Dutch Bros Inc. stock A Buy?
Dutch Bros Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.153 Hold/Accumulate Upgraded
Predicted Opening Price for Dutch Bros Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $27.28 ( 0.0489%) | $27.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BROS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.12 | 3.03 % | |
| R2 | 27.80 | 1.85 % | ||
| R1 | 27.60 | 1.13 % | ||
| Current price: | 27.29 | |||
| Support | S1 | 26.96 | -1.22 % | |
| S2 | 26.76 | -1.95 % | ||
| S3 | 26.44 | -3.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.57 | 23.01 % | |
| R2 | 28.70 | 5.17 % | ||
| R1 | 27.40 | 0.403 % | ||
| Current price | 27.29 | |||
| Support | S1 | 27.04 | -0.92% | |
| S2 | 27.00 | -1.06% | ||
| S3 | 25.75 | -5.64% |
FAQ
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