Diversified Healthcare Trust Stock Forecast
A very strong day for Diversified Healthcare Trust stock price on Tuesday
(Updated on Jul 02, 2024)
The Diversified Healthcare Trust stock price gained 5.65% on the last trading day (Tuesday, 2nd Jul 2024), rising from $3.01 to $3.18. During the last trading day the stock fluctuated 7.53% from a day low at $2.99 to a day high of $3.22. The price has risen in 6 of the last 10 days and is up by 13.17% over the past 2 weeks. Volume fell on the last day by -170 thousand shares and in total, 825 thousand shares were bought and sold for approximately $2.62 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 has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $3.16, a level that may pose a second chance to hit a runner. According to fan-theory $3.85 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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DHC Signals & Forecast
The Diversified Healthcare Trust 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 $2.91 and $2.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 21.37%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Diversified Healthcare Trust stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.62 and $2.43. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Diversified Healthcare Trust finds support just below today's level at $2.62. If this is broken, then the next support from accumulated volume will be at $2.43 and $2.41.
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 $0.225 between high and low, or 7.53%. For the last week, the stock has had daily average volatility of 6.05%.
Our recommended stop-loss: $3.04 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (DHC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Diversified Healthcare Trust to open at $3.13, and during the day (based on 14 day Average True Range), to move between $3.02 and $3.34, which gives a possible trading interval of +/-$0.159 (+/-4.99%) up or down from last closing price. If Diversified Healthcare Trust takes out the full calculated possible swing range there will be an estimated 9.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $2.62, some $0.560 (17.61%) from the current price of $3.18, our system finds the risk reward attractive.
Is Diversified Healthcare Trust stock A Buy?
Diversified Healthcare Trust holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.875 Strong Buy Candidate Upgraded
Predicted Opening Price for Diversified Healthcare Trust of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.13 ( 1.62%) | $3.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.35 | 5.45% |
| R2 | 3.27 | 2.75% |
| R1 | 3.21 | 1.08% |
| Price | 3.18 | |
| S1 | 3.04 | -4.33% |
| S2 | 2.99 | -6.00% |
| S3 | 2.90 | -8.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 3.18 | |
| S1 | 2.62 | -17.61% |
| S2 | 2.43 | -23.58% |
| S3 | 2.41 | -24.21% |
DHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 19, 2024 | May 16, 2024 | $0.0100 | 0.418% |
| 2 | Jan 11, 2024 | Jan 19, 2024 | Feb 15, 2024 | $0.0100 | 0.322% |
| 3 | Oct 12, 2023 | Oct 20, 2023 | Nov 16, 2023 | $0.0100 | 0.476% |
| 4 | Jul 13, 2023 | Jul 21, 2023 | Aug 17, 2023 | $0.0100 | 0.365% |
| 5 | Apr 13, 2023 | Apr 21, 2023 | May 18, 2023 | $0.0100 | 1.00% |
FAQ
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