Donegal Group Inc Stock Forecast
Green day on Thursday for Donegal Group Inc stock after gaining 1.22%
(Updated on Apr 18, 2024)
The Donegal Group Inc stock price gained 1.22% on the last trading day (Thursday, 18th Apr 2024), rising from $12.75 to $12.91. During the last trading day the stock fluctuated 0% from a day low at $12.91 to a day high of $12.91. The price has fallen in 5 of the last 10 days but is still up by 0.98% over the past 2 weeks. Volume fell on the last day by -487 shares and in total, 193 shares were bought and sold for approximately $2.49 thousand. 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 -15.78% during the next 3 months and, with a 90% probability hold a price between $10.57 and $11.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DGICB Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.22%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Donegal Group Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.92 and $13.30. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Donegal Group Inc stock
Donegal Group Inc finds support from accumulated volume at $12.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0789%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DGICB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Donegal Group Inc to open at $12.91, and during the day (based on 14 day Average True Range), to move between $12.68 and $13.13, which gives a possible trading interval of +/-$0.223 (+/-1.73%) up or down from last closing price. If Donegal Group Inc takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.90 (0.03%) than the resistance at $13.83 (7.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Donegal Group Inc will release earnings BMO on Thursday, April 25, 2024. We will update the financials statements for Donegal Group Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.46% in the first trading day after earnings release.
Is Donegal Group Inc stock A Buy?
Donegal Group Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.071 Sell Candidate Unchanged
Predicted Opening Price for Donegal Group Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $12.91 ( 0%) | $12.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGICB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.91 | . | |
| R2 | 12.91 | . | ||
| R1 | 12.91 | . | ||
| Current price: | 12.91 | |||
| Support | S1 | 12.91 | . | |
| S2 | 12.91 | . | ||
| S3 | 12.91 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.64 | 13.44 % | |
| R2 | 13.95 | 8.10 % | ||
| R1 | 13.83 | 7.17 % | ||
| Current price | 12.91 | |||
| Support | S1 | 12.90 | -0.0294% | |
| S2 | 12.82 | -0.651% | ||
| S3 | 12.78 | -0.97% |
DGICB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 21, 2023 | Jan 31, 2024 | Feb 15, 2024 | $0.153 | 1.09% |
| 2 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | $0 | 0% |
| 3 | Jul 20, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.153 | 1.09% |
| 4 | Apr 20, 2023 | Apr 28, 2023 | May 15, 2023 | $0.153 | 1.09% |
| 5 | Dec 15, 2022 | Jan 31, 2023 | Feb 15, 2023 | $0.148 | 0.95% |
FAQ
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