DuPont de Nemours, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for DuPont de Nemours, Inc. stock after losing 1.89%
(Updated on Apr 30, 2024)
The DuPont de Nemours, Inc. stock price fell by -1.89% on the last day (Tuesday, 30th Apr 2024) from $73.90 to $72.50. During the last trading day the stock fluctuated 2.02% from a day low at $72.42 to a day high of $73.88. The price has risen in 7 of the last 10 days but is still down by -0.1% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $234.33 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $71.90 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 16.33% during the next 3 months and, with a 90% probability hold a price between $83.64 and $93.06 at the end of this 3-month period.
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DD Signals & Forecast
There are few to no technical positive signals at the moment. 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. 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 $73.61 and $74.69. 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 -6.19%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $68.45 and $65.74. 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 $68.45. If this is broken, then the next support from accumulated volume will be at $65.74 and $61.21.
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 $1.46 (2.02%) between high and low. For the last week, the stock has had daily average volatility of 1.30%.
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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect DuPont de Nemours, Inc. to open at $72.93, and during the day (based on 14 day Average True Range), to move between $71.40 and $73.60, which gives a possible trading interval of +/-$1.10 (+/-1.52%) 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 3.04% 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 (1.28%) than the support at $68.45 (5.59%), 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
DuPont de Nemours, Inc. will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.650. We will update the financials statements for DuPont de Nemours, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.41% in the first trading day after earnings release.
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: -2.381 Sell Candidate Unchanged
Predicted Opening Price for DuPont de Nemours, Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $72.93 ( 0.598%) | $72.50 |
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 | 74.39 | 2.61 % | |
| R2 | 73.84 | 1.84 % | ||
| R1 | 73.49 | 1.37 % | ||
| Current price: | 72.50 | |||
| Support | S1 | 72.38 | -0.172 % | |
| S2 | 72.03 | -0.647 % | ||
| S3 | 71.47 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.80 | 1.79 % | |
| R2 | 73.78 | 1.77 % | ||
| R1 | 73.43 | 1.28 % | ||
| Current price | 72.50 | |||
| Support | S1 | 68.45 | -5.59% | |
| S2 | 65.74 | -9.32% | ||
| S3 | 61.21 | -15.57% |
DD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | May 30, 2024 | Jun 17, 2024 | $0.380 | 0.524% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.380 | 0.517% |
| 3 | Oct 17, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.360 | 0.492% |
| 4 | Jun 27, 2023 | Jul 28, 2023 | Sep 15, 2023 | $0.360 | 0.483% |
| 5 | Apr 19, 2023 | May 30, 2023 | Jun 15, 2023 | $0.360 | 0.516% |
FAQ
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