Diamond Hill Investment Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Diamond Hill Investment Group stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The Diamond Hill Investment Group stock price gained 1.64% on the last trading day (Friday, 19th Apr 2024), rising from $148.40 to $150.83. During the last trading day the stock fluctuated 2.54% from a day low at $147.80 to a day high of $151.55. The price has been going up and down for this period, and there has been a 0.92% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $1.49 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.33% during the next 3 months and, with a 90% probability hold a price between $127.63 and $144.45 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
A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 4.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Diamond Hill Investment Group has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Diamond Hill Investment Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $151.10. On a fall, the stock will find some support from the short-term average at $149.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Diamond Hill Investment Group stock
Diamond Hill Investment Group finds support from accumulated volume at $149.95 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 $3.75 between high and low, or 2.54%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $143.73 (-4.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (DHIL) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Diamond Hill Investment Group to open at $150.06, and during the day (based on 14 day Average True Range), to move between $148.14 and $153.52, which gives a possible trading interval of +/-$2.69 (+/-1.78%) 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 3.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $151.56 (0.48%) than the support at $149.95 (0.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Diamond Hill Investment Group stock A Buy?
Diamond Hill Investment Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.212 Hold/Accumulate Upgraded
Predicted Opening Price for Diamond Hill Investment Group of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $150.06 ( 0.511%) | $150.83 |
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 | 153.81 | 1.98 % | |
| R2 | 152.38 | 1.03 % | ||
| R1 | 151.49 | 0.439 % | ||
| Current price: | 150.83 | |||
| Support | S1 | 148.63 | -1.46 % | |
| S2 | 147.74 | -2.05 % | ||
| S3 | 146.31 | -3.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 158.59 | 5.14 % | |
| R2 | 155.35 | 3.00 % | ||
| R1 | 151.56 | 0.484 % | ||
| Current price | 150.83 | |||
| Support | S1 | 149.95 | -0.583% | |
| S2 | 146.70 | -2.74% | ||
| S3 | 144.68 | -4.08% |
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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