Dream Finders Homes, Inc. Stock Forecast

Dream Finders Homes, Inc. stock price up more than 6.80% on Tuesday
(Updated on Apr 23, 2024)

DFH Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.90%. Further rise is indicated until a new top pivot has been found. 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. The Dream Finders Homes, 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 $38.88. On a fall, the stock will find some support from the short-term average at $34.85. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Dream Finders Homes, Inc. stock

Dream Finders Homes, Inc. finds support from accumulated volume at $35.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.63 between high and low, or 7.77%. For the last week, the stock has had daily average volatility of 4.53%.

Our recommended stop-loss: $34.83 (-4.46%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (DFH) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Dream Finders Homes, Inc. to open at $35.59, and during the day (based on 14 day Average True Range), to move between $34.57 and $38.35, which gives a possible trading interval of +/-$1.89 (+/-5.19%) up or down from last closing price. If Dream Finders Homes, Inc. takes out the full calculated possible swing range there will be an estimated 10.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.51 (2.61%) than the resistance at $37.86 (3.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dream Finders Homes, Inc. stock A Buy?

Dream Finders Homes, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.356 Hold/Accumulate Upgraded

Predicted Opening Price for Dream Finders Homes, Inc. of Wednesday, April 24, 2024

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