DuPont de Nemours, Inc. Stock Forecast
Green day on Wednesday for DuPont de Nemours, Inc.
(Updated on Apr 17, 2024)
The DuPont de Nemours, Inc. stock price gained 0.717% on the last trading day (Wednesday, 17th Apr 2024), rising from $72.57 to $73.09. During the last trading day the stock fluctuated 1.37% from a day low at $72.57 to a day high of $73.57. The price has fallen in 6 of the last 10 days and is down by -5.23% for this period. Volume fell on the last day by -52 thousand shares and in total, 2 million shares were bought and sold for approximately $147.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 17.13% during the next 3 months and, with a 90% probability hold a price between $82.53 and $91.82 at the end of this 3-month period.
DD Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DuPont de Nemours, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $74.66 and $73.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.42%. 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). The stock had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for DuPont de Nemours, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $65.74 and $64.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DuPont de Nemours, Inc. finds support just below today's level at $65.74. If this is broken, then the next support from accumulated volume will be at $64.20 and $61.21.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.00 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DD) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect DuPont de Nemours, Inc. to open at $73.08, and during the day (based on 14 day Average True Range), to move between $71.82 and $74.36, which gives a possible trading interval of +/-$1.27 (+/-1.74%) up or down from last closing price. If DuPont de Nemours, Inc. takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $73.43 (0.47%) than the support at $65.74 (10.06%), 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 DuPont de Nemours, Inc. stock A Buy?
The DuPont de Nemours, Inc. stock holds several negative signals and despite the positive trend, we believe DuPont de Nemours, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.764 Sell Candidate Unchanged
Predicted Opening Price for DuPont de Nemours, Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $73.08 ( 0.0205%) | $73.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.07 | 1.34 % | |
| R2 | 73.69 | 0.82 % | ||
| R1 | 73.46 | 0.500 % | ||
| Current price: | 73.09 | |||
| Support | S1 | 72.69 | -0.541 % | |
| S2 | 72.46 | -0.86 % | ||
| S3 | 72.08 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.80 | 0.97 % | |
| R2 | 73.78 | 0.94 % | ||
| R1 | 73.43 | 0.465 % | ||
| Current price | 73.09 | |||
| Support | S1 | 65.74 | -10.06% | |
| S2 | 64.20 | -12.16% | ||
| S3 | 61.21 | -16.25% |
DD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.380 | 0.517% |
| 2 | Oct 17, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.360 | 0.492% |
| 3 | Jun 27, 2023 | Jul 28, 2023 | Sep 15, 2023 | $0.360 | 0.483% |
| 4 | Apr 19, 2023 | May 30, 2023 | Jun 15, 2023 | $0.360 | 0.516% |
| 5 | Feb 07, 2023 | Feb 27, 2023 | Mar 15, 2023 | $0.360 | 0.531% |
FAQ
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