Diamond Hill Investment Group Stock Forecast
Green day on Thursday for Diamond Hill Investment Group stock after gaining 0.752%
(Updated on Mar 28, 2024)
The Diamond Hill Investment Group stock price gained 0.752% on the last trading day (Thursday, 28th Mar 2024), rising from $153.02 to $154.17. During the last trading day the stock fluctuated 1.46% from a day low at $151.98 to a day high of $154.19. The price has been going up and down for this period, and there has been a 2.65% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 23 thousand shares were bought and sold for approximately $3.50 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 lies the upper part of a wide and falling 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 $157.52 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.51% during the next 3 months and, with a 90% probability hold a price between $127.97 and $144.12 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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DHIL Signals & Forecast
The Diamond Hill Investment Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $151.65 and $152.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 6.56%. 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 Diamond Hill Investment Group stock
Diamond Hill Investment Group finds support from accumulated volume at $153.83 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.22 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: $145.94 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (DHIL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Diamond Hill Investment Group to open at $153.45, and during the day (based on 14 day Average True Range), to move between $150.61 and $157.73, which gives a possible trading interval of +/-$3.56 (+/-2.31%) up or down from last closing price. If Diamond Hill Investment Group takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $153.83 (0.22%) than the resistance at $155.35 (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Diamond Hill Investment Group stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.052 Buy Candidate Unchanged
Predicted Opening Price for Diamond Hill Investment Group of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$153.45 ( 0.470%) | $154.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHIL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 155.66 | 0.97 % | |
R2 | 154.81 | 0.418 % | ||
R1 | 154.29 | 0.0786 % | ||
Current price: | 154.17 | |||
Support | S1 | 152.60 | -1.02 % | |
S2 | 152.08 | -1.36 % | ||
S3 | 151.23 | -1.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 159.49 | 3.45 % | |
R2 | 158.59 | 2.87 % | ||
R1 | 155.35 | 0.765 % | ||
Current price | 154.17 | |||
Support | S1 | 153.83 | -0.221% | |
S2 | 151.56 | -1.69% | ||
S3 | 144.68 | -6.16% |
DHIL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 08, 2024 | Mar 22, 2024 | $1.50 | 1.00% |
2 | Oct 31, 2023 | Nov 22, 2023 | Dec 08, 2023 | $1.50 | 0.91% |
3 | Aug 03, 2023 | Aug 30, 2023 | Sep 15, 2023 | $1.50 | 0.92% |
4 | May 10, 2023 | May 31, 2023 | Jun 16, 2023 | $1.50 | 0.84% |
5 | Feb 23, 2023 | Mar 03, 2023 | Mar 17, 2023 | $1.50 | 0.94% |
FAQ
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