DallasNews Corporation Stock Forecast
DallasNews Corporation stock price ended at $3.55 on Tuesday, after losing 0.281%.
(Updated on Jul 02, 2024)
The DallasNews Corporation stock price fell by -0.281% on the last day (Tuesday, 2nd Jul 2024) from $3.56 to $3.55. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.41% from a day low at $3.55 to a day high of $3.60. The price has fallen in 8 of the last 10 days and is down by -5.59% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 6 thousand shares were bought and sold for approximately $22.88 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $3.47 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect DallasNews Corporation stock with a 90% probability to be traded between $3.44 and $3.90 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DALN Signals & Forecast
There are few to no technical positive signals at the moment. The DallasNews Corporation 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 $3.62 and $3.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -10.13%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DallasNews Corporation stock
DallasNews Corporation finds support from accumulated volume at $3.49 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0500 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DALN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect DallasNews Corporation to open at $3.57, and during the day (based on 14 day Average True Range), to move between $3.45 and $3.65, which gives a possible trading interval of +/-$0.0961 (+/-2.71%) up or down from last closing price. If DallasNews Corporation takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.49 (1.69%) than the resistance at $3.72 (4.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DallasNews Corporation stock A Buy?
DallasNews Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.992 Sell Candidate Unchanged
Predicted Opening Price for DallasNews Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.57 ( 0.469%) | $3.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DALN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.62 | 1.88% |
| R2 | 3.60 | 1.34% |
| R1 | 3.59 | 1.01% |
| Price | 3.55 | |
| S1 | 3.55 | -0.0685% |
| S2 | 3.54 | -0.401% |
| S3 | 3.52 | -0.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.80 | 7.04% |
| R2 | 3.76 | 5.92% |
| R1 | 3.72 | 4.79% |
| Price | 3.55 | |
| S1 | 3.49 | -1.69% |
| S2 | 0 | - |
| S3 | 0 | - |
DALN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Feb 08, 2024 | Mar 01, 2024 | $0.160 | 4.01% |
| 2 | Sep 21, 2023 | Nov 09, 2023 | Dec 01, 2023 | $0.160 | 4.18% |
| 3 | Sep 21, 2023 | Nov 08, 2023 | Dec 01, 2023 | $0.160 | 4.18% |
| 4 | May 11, 2023 | Aug 10, 2023 | Sep 01, 2023 | $0.160 | 3.75% |
| 5 | Mar 09, 2023 | May 11, 2023 | Sep 01, 2023 | $0.160 | 3.75% |
FAQ
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