Fibra Danhos Stock Forecast
Weaker technical forecast for Fibra Danhos as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The Fibra Danhos stock price fell by -2.75% on the last day (Tuesday, 2nd Jul 2024) from $20.36 to $19.80. During the last trading day the stock fluctuated 4.30% from a day low at $19.52 to a day high of $20.36. The price has fallen in 6 of the last 10 days and is down by -4.62% 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 -138 million shares and in total, 606 thousand shares were bought and sold for approximately $12.00 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $19.79 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Fibra Danhos stock with a 90% probability to be traded between $19.73 and $21.32 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DANHOS13.MX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 0.0505%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fibra Danhos 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 $20.02 and $20.62. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -1.11% to $19.58 within 22 trading days (Monday, July 08, 2024) since signal was issued.
Support, Risk & Stop-loss for Fibra Danhos stock
Fibra Danhos finds support from accumulated volume at $19.79 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 $0.84 (4.30%) between high and low. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DANHOS13.MX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Fibra Danhos to open at $19.89, and during the day (based on 14 day Average True Range), to move between $19.29 and $20.31, which gives a possible trading interval of +/-$0.510 (+/-2.57%) up or down from last closing price. If Fibra Danhos takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.79 (0.05%) than the resistance at $20.36 (2.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fibra Danhos stock A Buy?
Fibra Danhos holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.263 Sell Candidate Downgraded
Predicted Opening Price for Fibra Danhos of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.89 ( 0.471%) | $19.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DANHOS13.MX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.73 | 4.71% |
| R2 | 20.41 | 3.09% |
| R1 | 20.21 | 2.09% |
| Price | 19.80 | |
| S1 | 19.57 | -1.15% |
| S2 | 19.37 | -2.15% |
| S3 | 19.05 | -3.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.63 | 4.19% |
| R2 | 20.55 | 3.79% |
| R1 | 20.36 | 2.83% |
| Price | 19.80 | |
| S1 | 19.79 | -0.0505% |
| S2 | 0 | - |
| S3 | 0 | - |
DANHOS13 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | $0.450 | 2.16% |
| 2 | Mar 04, 2024 | Mar 04, 2024 | Mar 04, 2024 | $0.450 | 2.20% |
| 3 | Nov 06, 2023 | Nov 06, 2023 | Nov 06, 2023 | $0.450 | 2.23% |
| 4 | Aug 08, 2023 | Aug 08, 2023 | Aug 08, 2023 | $0.600 | 2.83% |
| 5 | May 08, 2023 | May 08, 2023 | May 08, 2023 | $0.600 | 2.56% |
FAQ
Click here for our free guide on how to buy Fibra Danhos Stock.
