Domain Holdings Australia Limited Stock Forecast
Domain Holdings Australia Limited stock price ended at $2.83 on Friday, after losing 4.71%.
(Updated on May 17, 2024)
The Domain Holdings Australia Limited stock price fell by -4.71% on the last day (Friday, 17th May 2024) from $2.97 to $2.83. During the last trading day the stock fluctuated 4.77% from a day low at $2.83 to a day high of $2.97. The price has fallen in 8 of the last 10 days and is down by -9.87% for this period. Volume has increased on the last day by 1 million 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, 3 million shares were bought and sold for approximately $7.99 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.80 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.87% during the next 3 months and, with a 90% probability hold a price between $2.52 and $2.91 at the end of this 3-month period.
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DHG.AX Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Domain Holdings Australia Limited 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 $3.00 and $3.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -13.46%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Domain Holdings Australia Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.135 between high and low, or 4.77%. For the last week, the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DHG.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Domain Holdings Australia Limited to open at $2.88, and during the day (based on 14 day Average True Range), to move between $2.73 and $2.93, which gives a possible trading interval of +/-$0.0993 (+/-3.51%) up or down from last closing price. If Domain Holdings Australia Limited takes out the full calculated possible swing range there will be an estimated 7.02% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.98, some $0.150 (5.30%) from the current price of $2.83, our system finds the risk reward not very attractive.
Is Domain Holdings Australia Limited stock A Buy?
Domain Holdings Australia Limited 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 stock.
Current score: -4.752 Sell Candidate Unchanged
Predicted Opening Price for Domain Holdings Australia Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $2.88 ( 1.59%) | $2.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHG.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.01 | 6.36 % | |
| R2 | 2.96 | 4.54 % | ||
| R1 | 2.93 | 3.41 % | ||
| Current price: | 2.83 | |||
| Support | S1 | 2.82 | -0.232 % | |
| S2 | 2.79 | -1.36 % | ||
| S3 | 2.74 | -3.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.34 | 18.02 % | |
| R2 | 3.24 | 14.49 % | ||
| R1 | 2.98 | 5.30 % | ||
| Current price | 2.83 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 20, 2024 | Mar 11, 2024 | $0.0200 | 0.604% |
| 2 | Feb 22, 2023 | Feb 22, 2023 | Feb 22, 2023 | $0.0200 | 0.658% |
| 3 | Aug 23, 2022 | Aug 23, 2022 | Aug 23, 2022 | $0.0400 | 1.15% |
| 4 | Feb 23, 2022 | Feb 23, 2022 | Feb 23, 2022 | $0.0199 | 0.487% |
| 5 | Aug 23, 2021 | Aug 23, 2021 | Aug 23, 2021 | $0.0398 | 0.786% |
FAQ
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