Diversified Energy Company PLC Stock Forecast

Evaluation of Diversified Energy Company PLC stock downgraded after the last trading session.
(Updated on May 10, 2024)

DEC.L Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.88%. 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 Diversified Energy Company PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1,098.00 and £1,040.74. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Diversified Energy Company PLC stock

On the downside, the stock finds support just below today's level from accumulated volume at £957.00 and £935.00. 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, Diversified Energy Company PLC finds support just below today's level at £957.00. If this is broken, then the next support from accumulated volume will be at £935.00 and £888.50.

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 £73.00 (6.83%) between high and low. For the last week, the stock has had daily average volatility of 4.09%.

Our recommended stop-loss: £1,071.76 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (DEC.L) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Diversified Energy Company PLC to open at £1,108.33, and during the day (based on 14 day Average True Range), to move between £1,066.41 and £1,161.59, which gives a possible trading interval of +/-£47.59 (+/-4.27%) up or down from last closing price. If Diversified Energy Company PLC takes out the full calculated possible swing range there will be an estimated 8.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,126.00 (1.08%) than the support at £957.00 (14.09%), 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 Diversified Energy Company PLC stock A Buy?

Diversified Energy Company PLC 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Diversified Energy Company PLC of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.