Dis-Chem Pharmacies Limited Stock Forecast
Dis-Chem Pharmacies Limited stock price up 0.640% on Friday
(Updated on May 03, 2024)
The Dis-Chem Pharmacies Limited stock price gained 0.640% on the last trading day (Friday, 3rd May 2024), rising from $3,279.00 to $3,300.00. During the last trading day the stock fluctuated 2.56% from a day low at $3,237.00 to a day high of $3,320.00. The price has been going up and down for this period, and there has been a 5.74% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 499 thousand shares were bought and sold for approximately $1.65 billion.
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 8.77% during the next 3 months and, with a 90% probability hold a price between $3,361.54 and $3,858.76 at the end of this 3-month period.
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DCP.JO Signals & Forecast
Mostly positive signals in the chart today. The Dis-Chem Pharmacies Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3,219.43 and $3,227.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 7.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Dis-Chem Pharmacies Limited stock
Dis-Chem Pharmacies Limited finds support from accumulated volume at $3,262.00 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 $83.00 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: $3,173.94 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (DCP.JO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Dis-Chem Pharmacies Limited to open at $3,285.67, and during the day (based on 14 day Average True Range), to move between $3,209.23 and $3,390.77, which gives a possible trading interval of +/-$90.77 (+/-2.75%) up or down from last closing price. If Dis-Chem Pharmacies Limited takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3,262.00 (1.15%) than the resistance at $3,381.00 (2.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dis-Chem Pharmacies Limited 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 Dis-Chem Pharmacies Limited stock to perform well in the short-term.
Current score: 4.390 Buy Candidate Unchanged
Predicted Opening Price for Dis-Chem Pharmacies Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3,285.67 ( 0.434%) | $3,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCP.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,368.67 | 2.08 % | |
| R2 | 3,336.96 | 1.12 % | ||
| R1 | 3,317.37 | 0.526 % | ||
| Current price: | 3,300.00 | |||
| Support | S1 | 3,253.96 | -1.40 % | |
| S2 | 3,234.37 | -1.99 % | ||
| S3 | 3,202.67 | -2.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3,400.00 | 3.03 % | ||
| R1 | 3,381.00 | 2.45 % | ||
| Current price | 3,300.00 | |||
| Support | S1 | 3,262.00 | -1.15% | |
| S2 | 3,237.00 | -1.91% | ||
| S3 | 3,110.00 | -5.76% |
DCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 22, 2023 | Nov 22, 2023 | Nov 22, 2023 | $23.24 | 0.80% |
| 2 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | $18.45 | 0.793% |
| 3 | Nov 23, 2022 | Nov 23, 2022 | Nov 23, 2022 | $28.12 | 0.93% |
| 4 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | $20.20 | 0.600% |
| 5 | Nov 24, 2021 | Nov 24, 2021 | Nov 24, 2021 | $19.49 | 0.579% |
FAQ
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