Dicker Data Ltd Stock Forecast
Red day on Friday for Dicker Data Ltd stock after losing 1.73%
(Updated on Jun 28, 2024)
The Dicker Data Ltd stock price fell by -1.73% on the last day (Friday, 28th Jun 2024) from A$9.83 to A$9.66. During the last trading day the stock fluctuated 2.81% from a day low at A$9.62 to a day high of A$9.89. The price has fallen in 5 of the last 10 days and is down by -0.21% for this period. Volume has increased on the last day by 31 thousand 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, 243 thousand shares were bought and sold for approximately A$2.35 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at A$9.80 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.29% during the next 3 months and, with a 90% probability hold a price between A$7.12 and A$8.30 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DDR.AX Signals & Forecast
The Dicker Data Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately A$9.80. On a fall, the stock will find some support from the long-term average at approximately A$9.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 7.21%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Dicker Data Ltd stock
Dicker Data Ltd finds support from accumulated volume at A$9.25 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 A$0.270 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: A$9.39 (-2.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 67 days ago.)
Trading Expectations (DDR.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dicker Data Ltd to open at A$9.72, and during the day (based on 14 day Average True Range), to move between A$9.43 and A$9.89, which gives a possible trading interval of +/-A$0.229 (+/-2.37%) up or down from last closing price. If Dicker Data Ltd takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$9.25 (4.24%) than the resistance at A$10.70 (10.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dicker Data Ltd stock A Buy?
Dicker Data Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.213 Hold/Accumulate Unchanged
Predicted Opening Price for Dicker Data Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$9.72 ( 0.656%) | A$9.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DDR.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.99 | 3.45% |
| R2 | 9.89 | 2.38% |
| R1 | 9.83 | 1.72% |
| Price | 9.66 | |
| S1 | 9.62 | -0.412% |
| S2 | 9.56 | -1.07% |
| S3 | 9.45 | -2.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.86 | 12.42% |
| R2 | 10.77 | 11.49% |
| R1 | 10.70 | 10.77% |
| Price | 9.66 | |
| S1 | 9.25 | -4.24% |
| S2 | 9.11 | -5.69% |
| S3 | 9.05 | -6.31% |
DDR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 03, 2024 | A$0.110 | 1.19% |
| 2 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | A$0.150 | 1.20% |
| 3 | Nov 15, 2023 | Nov 15, 2023 | Nov 15, 2023 | A$0.100 | 0.88% |
| 4 | Aug 16, 2023 | Aug 16, 2023 | Sep 01, 2023 | A$0.100 | 1.00% |
| 5 | May 16, 2023 | May 16, 2023 | May 16, 2023 | A$0.100 | 1.13% |
FAQ
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