Douglas Emmett Inc Stock Forecast
Douglas Emmett Inc stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)
The Douglas Emmett Inc stock price gained 1.80% on the last trading day (Tuesday, 23rd Apr 2024), rising from $13.34 to $13.58. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.87% from a day low at $13.32 to a day high of $13.84. The price has risen in 6 of the last 10 days but is still down by -4.63% for this period. Volume fell on the last day by -247 thousand shares and in total, 2 million shares were bought and sold for approximately $20.75 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 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.78% during the next 3 months and, with a 90% probability hold a price between $12.05 and $13.78 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DEI Signals & Forecast
Mostly positive signals in the chart today. The Douglas Emmett Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.12 and $13.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.43%. 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.
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 -3.76% to $13.07 within 12 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Douglas Emmett Inc stock
Douglas Emmett Inc finds support from accumulated volume at $13.22 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 $0.515 between high and low, or 3.87%. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: $13.10 (-3.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (DEI) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Douglas Emmett Inc to open at $13.58, and during the day (based on 14 day Average True Range), to move between $13.09 and $14.07, which gives a possible trading interval of +/-$0.485 (+/-3.57%) up or down from last closing price. If Douglas Emmett Inc takes out the full calculated possible swing range there will be an estimated 7.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.63 (0.37%) than the support at $13.22 (2.65%), 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 Douglas Emmett Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.613 Buy Candidate Upgraded
Predicted Opening Price for Douglas Emmett Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $13.58 ( 0.0123%) | $13.58 |
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 | 14.09 | 3.78 % | |
| R2 | 13.90 | 2.33 % | ||
| R1 | 13.78 | 1.44 % | ||
| Current price: | 13.58 | |||
| Support | S1 | 13.38 | -1.46 % | |
| S2 | 13.26 | -2.36 % | ||
| S3 | 13.06 | -3.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.24 | 4.86 % | |
| R2 | 13.66 | 0.589 % | ||
| R1 | 13.63 | 0.368 % | ||
| Current price | 13.58 | |||
| Support | S1 | 13.22 | -2.65% | |
| S2 | 13.17 | -3.02% | ||
| S3 | 13.14 | -3.24% |
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
Click here for our free guide on how to buy Douglas Emmett Inc Stock.
