Diversified Healthcare Trust - Trust Forecast
Red day on Friday for Diversified Healthcare Trust -
(Updated on Jun 28, 2024)
The Diversified Healthcare Trust - trust price fell by -3.79% on the last day (Friday, 28th Jun 2024) from $13.19 to $12.69. During the last trading day the trust fluctuated 6.55% from a day low at $12.51 to a day high of $13.33. The price has been going up and down for this period, and there has been a -10.95% loss for the last 2 weeks. Volume has increased on the last day by 245 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 335 thousand shares were bought and sold for approximately $4.25 million.
The trust is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $12.44 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Diversified Healthcare Trust - trust with a 90% probability to be traded between $12.23 and $14.26 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DHCNI Signals & Forecast
There are few to no technical positive signals at the moment. The Diversified Healthcare Trust - trust holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.70 and $13.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -12.78%. 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 rose on falling prices yesterday. This may be an early warning and the trust should be followed more closely.
Support, Risk & Stop-loss for Diversified Healthcare Trust - trust
Diversified Healthcare Trust - finds support from accumulated volume at $12.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the trust moved $0.82 between high and low, or 6.55%. For the last week, the trust has had daily average volatility of 5.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DHCNI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Diversified Healthcare Trust - to open at $12.84, and during the day (based on 14 day Average True Range), to move between $12.14 and $13.24, which gives a possible trading interval of +/-$0.550 (+/-4.33%) up or down from last closing price. If Diversified Healthcare Trust - takes out the full calculated possible swing range there will be an estimated 8.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.60 (0.71%) than the resistance at $12.98 (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Diversified Healthcare Trust - trust A Buy?
Diversified Healthcare Trust - holds several negative signals and is within a wide and 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 trust.
Current score: -4.009 Sell Candidate Unchanged
Predicted Opening Price for Diversified Healthcare Trust - of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $12.84 ( 1.21%) | $12.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHCNI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.66 | 7.67% |
| R2 | 13.35 | 5.20% |
| R1 | 13.16 | 3.68% |
| Price | 12.69 | |
| S1 | 12.53 | -1.26% |
| S2 | 12.34 | -2.79% |
| S3 | 12.02 | -5.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.19 | 3.94% |
| R2 | 13.10 | 3.23% |
| R1 | 12.98 | 2.29% |
| Price | 12.69 | |
| S1 | 12.60 | -0.709% |
| S2 | 0 | - |
| S3 | 0 | - |
DHCNI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | May 01, 2024 | $0.352 | 2.74% |
| 2 | Jan 11, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.352 | 2.37% |
| 3 | Oct 12, 2023 | Oct 12, 2023 | Nov 01, 2023 | $0.352 | 2.51% |
| 4 | Jul 13, 2023 | Jul 13, 2023 | Aug 01, 2023 | $0.352 | 2.69% |
| 5 | Apr 13, 2023 | Apr 13, 2023 | May 01, 2023 | $0.352 | 2.99% |
FAQ
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