Douglas Emmett 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
Douglas Emmett Inc stock downgraded to Hold/Accumulate
(Updated on May 01, 2024)
The Douglas Emmett Inc stock price fell by -1.97% on the last day (Wednesday, 1st May 2024) from $13.71 to $13.44. During the last trading day the stock fluctuated 3.66% from a day low at $13.40 to a day high of $13.89. The price has risen in 6 of the last 10 days and is up by 4.35% over the past 2 weeks. Volume has increased on the last day by 8 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, 2 million shares were bought and sold for approximately $23.81 million.
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 $14.50 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
The Douglas Emmett Inc 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 $13.54. On a fall, the stock will find some support from the long-term average at approximately $13.38. 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. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.68%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -2.75% to $13.07 within 12 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Douglas Emmett Inc stock
Douglas Emmett Inc finds support from accumulated volume at $13.31 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 $0.490 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: $12.90 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (DEI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Douglas Emmett Inc to open at $13.58, and during the day (based on 14 day Average True Range), to move between $12.98 and $13.90, which gives a possible trading interval of +/-$0.463 (+/-3.45%) up or down from last closing price. If Douglas Emmett Inc takes out the full calculated possible swing range there will be an estimated 6.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.31 (0.97%) than the resistance at $13.63 (1.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Douglas Emmett Inc will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for Douglas Emmett Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.92% in the first trading day after earnings release.
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: -0.518 Hold/Accumulate Downgraded
Predicted Opening Price for Douglas Emmett Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $13.58 ( 1.02%) | $13.44 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 14.07 | 4.66 % | |
| R2 | 13.88 | 3.27 % | ||
| R1 | 13.76 | 2.41 % | ||
| Current price: | 13.44 | |||
| Support | S1 | 13.39 | -0.376 % | |
| S2 | 13.27 | -1.24 % | ||
| S3 | 13.09 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.24 | 5.95 % | |
| R2 | 13.66 | 1.64 % | ||
| R1 | 13.63 | 1.41 % | ||
| Current price | 13.44 | |||
| Support | S1 | 13.31 | -0.97% | |
| S2 | 13.17 | -2.01% | ||
| S3 | 13.14 | -2.23% |
DEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 27, 2024 | Apr 16, 2024 | $0.190 | 1.49% |
| 2 | Dec 13, 2023 | Dec 28, 2023 | Jan 17, 2024 | $0.190 | 1.38% |
| 3 | Sep 08, 2023 | Sep 28, 2023 | Oct 17, 2023 | $0.190 | 1.52% |
| 4 | May 24, 2023 | Jun 29, 2023 | Jul 18, 2023 | $0.190 | 1.38% |
| 5 | Mar 02, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.190 | 1.54% |
FAQ
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