Donnelley Financial Solutions Inc Stock Forecast
Green day on Friday for Donnelley Financial Solutions Inc stock after gaining 1.22%
(Updated on Apr 26, 2024)
The Donnelley Financial Solutions Inc stock price gained 1.22% on the last trading day (Friday, 26th Apr 2024), rising from $62.26 to $63.02. During the last trading day the stock fluctuated 2.66% from a day low at $61.83 to a day high of $63.47. The price has been going up and down for this period, and there has been a 1.4% gain for the last 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 149 thousand shares were bought and sold for approximately $9.39 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 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 -2.96% during the next 3 months and, with a 90% probability hold a price between $57.78 and $63.35 at the end of this 3-month period.
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DFIN Signals & Forecast
The Donnelley Financial Solutions 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 $63.36. On a fall, the stock will find some support from the long-term average at approximately $61.97. 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. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.22%. 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. Despite all the positive signals in the chart we there to be so much uncertainty and risk that we cannot upgrade this stock's score yet.
Support, Risk & Stop-loss for Donnelley Financial Solutions Inc stock
Donnelley Financial Solutions Inc finds support from accumulated volume at $62.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.65 (2.66%) between high and low. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DFIN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Donnelley Financial Solutions Inc to open at $62.77, and during the day (based on 14 day Average True Range), to move between $61.44 and $64.60, which gives a possible trading interval of +/-$1.58 (+/-2.50%) up or down from last closing price. If Donnelley Financial Solutions Inc takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $63.44 (0.67%) than the support at $62.26 (1.21%), 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.
Earnings coming up
Donnelley Financial Solutions Inc will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.82. We will update the financials statements for Donnelley Financial Solutions Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.21% in the first trading day after earnings release.
Is Donnelley Financial Solutions Inc stock A Buy?
Donnelley Financial Solutions Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.508 Sell Candidate Unchanged
Predicted Opening Price for Donnelley Financial Solutions Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $62.77 ( 0.394%) | $63.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.42 | 2.22 % | |
| R2 | 63.79 | 1.22 % | ||
| R1 | 63.40 | 0.603 % | ||
| Current price: | 63.02 | |||
| Support | S1 | 62.14 | -1.39 % | |
| S2 | 61.76 | -2.01 % | ||
| S3 | 61.13 | -3.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.39 | 2.17 % | |
| R2 | 63.57 | 0.87 % | ||
| R1 | 63.44 | 0.666 % | ||
| Current price | 63.02 | |||
| Support | S1 | 62.26 | -1.21% | |
| S2 | 62.23 | -1.25% | ||
| S3 | 62.01 | -1.60% |
FAQ
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