DFDS A/S Stock Forecast

Stronger technical forecast for DFDS A/S stock price after Thursday trading.
(Updated on May 16, 2024)

DFDS.CO Signals & Forecast

The DFDS A/S 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 kr221.74. On a fall, the stock will find some support from the long-term average at approximately kr210.40. 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). 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -5.91%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for DFDS A/S stock

DFDS A/S finds support from accumulated volume at kr216.00 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 kr4.00 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 3.12%.

Our recommended stop-loss: kr205.29 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (DFDS.CO) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect DFDS A/S to open at kr216.00, and during the day (based on 14 day Average True Range), to move between kr210.86 and kr221.94, which gives a possible trading interval of +/-kr5.54 (+/-2.56%) up or down from last closing price. If DFDS A/S takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr216.00 (0.18%) than the resistance at kr220.80 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DFDS A/S stock A Buy?

DFDS A/S 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.271 Hold/Accumulate Upgraded

Predicted Opening Price for DFDS A/S of Friday, May 17, 2024

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