Distribution Finance Capital Holdings Stock Forecast
Green day on Friday for Distribution Finance Capital Holdings stock after gaining 3.15%
(Updated on Jun 28, 2024)
The Distribution Finance Capital Holdings stock price gained 3.15% on the last trading day (Friday, 28th Jun 2024), rising from £28.12 to £29.00. During the last trading day the stock fluctuated 6.76% from a day low at £28.10 to a day high of £30.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 158 thousand more shares were traded than the day before. In total, 158 thousand shares were bought and sold for approximately £4.58 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £28.26 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 31.70% during the next 3 months and, with a 90% probability hold a price between £37.22 and £47.67 at the end of this 3-month period.
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DFCH.L Signals & Forecast
The Distribution Finance Capital Holdings 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 £28.60 and £28.95. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, May 28, 2024, and so far it has fallen -12.12%. 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).
Support, Risk & Stop-loss for Distribution Finance Capital Holdings stock
On the downside, the stock finds support just below today's level from accumulated volume at £26.00 and £25.00. 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, Distribution Finance Capital Holdings finds support just below today's level at £26.00. If this is broken, then the next support from accumulated volume will be at £25.00 and £23.50.
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 £1.90 between high and low, or 6.76%. For the last week, the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: £27.24 (-6.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 57 days ago.)
Trading Expectations (DFCH.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Distribution Finance Capital Holdings Plc to open at £29.03, and during the day (based on 14 day Average True Range), to move between £27.72 and £30.28, which gives a possible trading interval of +/-£1.28 (+/-4.41%) up or down from last closing price. If Distribution Finance Capital Holdings Plc takes out the full calculated possible swing range there will be an estimated 8.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £30.00 (3.45%) than the support at £26.00 (10.34%), 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 Distribution Finance Capital Holdings Plc stock A Buy?
Distribution Finance Capital Holdings 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: 0.000 Hold/Accumulate Unchanged
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 Distribution Finance Capital Holdings Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £29.03 ( 0.115%) | £29.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFCH.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.93 | 6.67% |
| R2 | 30.21 | 4.16% |
| R1 | 29.76 | 2.62% |
| Price | 29.00 | |
| S1 | 28.31 | -2.39% |
| S2 | 27.86 | -3.93% |
| S3 | 27.13 | -6.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.00 | 13.79% |
| R2 | 30.75 | 6.03% |
| R1 | 30.00 | 3.45% |
| Price | 29.00 | |
| S1 | 26.00 | -10.34% |
| S2 | 25.00 | -13.79% |
| S3 | 23.50 | -18.97% |
FAQ
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