Quest Diagnostics Incorporated Stock Forecast
Red day on Thursday for Quest Diagnostics Incorporated
(Updated on Apr 25, 2024)
The Quest Diagnostics Incorporated stock price fell by -1.55% on the last day (Thursday, 25th Apr 2024) from $137.55 to $135.42. During the last trading day the stock fluctuated 3.34% from a day low at $134.13 to a day high of $138.61. The price has been going up and down for this period, and there has been a 4.15% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -536 thousand shares and in total, 995 thousand shares were bought and sold for approximately $134.78 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $137.64 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.46% during the next 3 months and, with a 90% probability hold a price between $132.02 and $143.78 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DGX Signals & Forecast
The Quest Diagnostics Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $131.58 and $130.16. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 24, 2024, and so far it has fallen -1.55%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Tuesday, February 20, 2024 and based on theory for this formation the price should go up by 0.580% to $136.20 within 10 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Quest Diagnostics Incorporated stock
Quest Diagnostics Incorporated finds support from accumulated volume at $134.77 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 $4.48 (3.34%) between high and low. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: $129.48 (-4.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DGX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Quest Diagnostics Incorporated to open at $136.05, and during the day (based on 14 day Average True Range), to move between $132.48 and $138.36, which gives a possible trading interval of +/-$2.94 (+/-2.17%) up or down from last closing price. If Quest Diagnostics Incorporated takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $134.77 (0.48%) than the resistance at $136.70 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quest Diagnostics Incorporated stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Quest Diagnostics Incorporated stock to perform well in the short-term.
Current score: 1.407 Buy Candidate Unchanged
Predicted Opening Price for Quest Diagnostics Incorporated of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $136.05 ( 0.468%) | $135.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.53 | 3.78 % | |
| R2 | 138.82 | 2.51 % | ||
| R1 | 137.76 | 1.73 % | ||
| Current price: | 135.42 | |||
| Support | S1 | 134.34 | -0.796 % | |
| S2 | 133.28 | -1.58 % | ||
| S3 | 131.57 | -2.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 137.55 | 1.57 % | ||
| R1 | 136.70 | 0.95 % | ||
| Current price | 135.42 | |||
| Support | S1 | 134.77 | -0.480% | |
| S2 | 127.17 | -6.09% | ||
| S3 | 126.26 | -6.76% |
DGX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Apr 05, 2024 | Apr 22, 2024 | $0.750 | 0.577% |
| 2 | Nov 13, 2023 | Jan 16, 2024 | Jan 31, 2024 | $0.710 | 0.553% |
| 3 | Aug 14, 2023 | Oct 05, 2023 | Oct 23, 2023 | $0.710 | 0.585% |
| 4 | May 16, 2023 | Jul 10, 2023 | Jul 25, 2023 | $0.710 | 0.490% |
| 5 | Feb 02, 2023 | Apr 06, 2023 | Apr 24, 2023 | $0.710 | 0.484% |
FAQ
Click here for our free guide on how to buy Quest Diagnostics Incorporated Stock.
