Douglas Emmett Inc Stock Forecast
Weaker technical forecast for Douglas Emmett Inc as stock downgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The Douglas Emmett Inc stock price gained 1.36% on the last trading day (Tuesday, 2nd Jul 2024), rising from $13.23 to $13.41. During the last trading day the stock fluctuated 1.89% from a day low at $13.20 to a day high of $13.45. The price has been going up and down for this period, and there has been a 1.44% gain for the last 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 657 thousand shares were bought and sold for approximately $8.81 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Douglas Emmett Inc stock with a 90% probability to be traded between $12.95 and $14.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DEI Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.31%. 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 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 Douglas Emmett Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.62. On a fall, the stock will find some support from the short-term average at $13.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Douglas Emmett Inc stock
Douglas Emmett Inc finds support from accumulated volume at $13.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.250 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: $12.83 (-4.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (DEI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Douglas Emmett Inc to open at $13.35, and during the day (based on 14 day Average True Range), to move between $13.08 and $13.74, which gives a possible trading interval of +/-$0.332 (+/-2.47%) up or down from last closing price. If Douglas Emmett Inc takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.40 (0.07%) than the resistance at $13.44 (0.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Douglas Emmett Inc stock A Buy?
Douglas Emmett Inc 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: -0.927 Hold/Accumulate Downgraded
Predicted Opening Price for Douglas Emmett Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $13.35 ( 0.423%) | $13.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.60 | 1.44% |
| R2 | 13.51 | 0.730% |
| R1 | 13.45 | 0.290% |
| Price | 13.41 | |
| S1 | 13.26 | -1.13% |
| S2 | 13.20 | -1.57% |
| S3 | 13.10 | -2.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.93 | 3.88% |
| R2 | 13.74 | 2.46% |
| R1 | 13.44 | 0.224% |
| Price | 13.41 | |
| S1 | 13.40 | -0.0746% |
| S2 | 13.31 | -0.746% |
| S3 | 13.22 | -1.42% |
DEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | Jun 28, 2024 | Jul 16, 2024 | $0.190 | 1.42% |
| 2 | Feb 29, 2024 | Mar 27, 2024 | Apr 16, 2024 | $0.190 | 1.49% |
| 3 | Dec 13, 2023 | Dec 28, 2023 | Jan 17, 2024 | $0.190 | 1.38% |
| 4 | Sep 08, 2023 | Sep 28, 2023 | Oct 17, 2023 | $0.190 | 1.52% |
| 5 | May 24, 2023 | Jun 29, 2023 | Jul 18, 2023 | $0.190 | 1.38% |
FAQ
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