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
Weaker technical forecast for Diamond Hill Investment Group as stock downgraded to Sell Candidate.
(Updated on May 01, 2024)
The Diamond Hill Investment Group stock price gained 0.86% on the last trading day (Wednesday, 1st May 2024), rising from $149.22 to $150.50. During the last trading day the stock fluctuated 2.13% from a day low at $149.15 to a day high of $152.32. The price has risen in 6 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $2.77 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 -2.97% during the next 3 months and, with a 90% probability hold a price between $137.02 and $156.00 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DHIL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.76%. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 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 $150.79 and $150.67. A break-up above any of these levels will issue buy signals.
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 $3.17 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DHIL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Diamond Hill Investment Group to open at $150.66, and during the day (based on 14 day Average True Range), to move between $147.75 and $153.25, which gives a possible trading interval of +/-$2.75 (+/-1.83%) 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 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $149.95 (0.37%) than the resistance at $151.56 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Diamond Hill Investment Group will release earnings AMC on Wednesday, May 08, 2024. We will update the financials statements for Diamond Hill Investment Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.68% in the first trading day after earnings release.
Is Diamond Hill Investment Group stock A Buy?
Diamond Hill Investment Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.364 Sell Candidate Downgraded
Predicted Opening Price for Diamond Hill Investment Group of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $150.66 ( 0.104%) | $150.50 |
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 | 153.83 | 2.21 % | |
| R2 | 152.62 | 1.41 % | ||
| R1 | 151.87 | 0.91 % | ||
| Current price: | 150.50 | |||
| Support | S1 | 149.45 | -0.701 % | |
| S2 | 148.70 | -1.20 % | ||
| S3 | 147.49 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 155.35 | 3.22 % | |
| R2 | 153.83 | 2.21 % | ||
| R1 | 151.56 | 0.704 % | ||
| Current price | 150.50 | |||
| Support | S1 | 149.95 | -0.365% | |
| S2 | 146.70 | -2.52% | ||
| S3 | 144.68 | -3.87% |
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
Click here for our free guide on how to buy Diamond Hill Investment Group Stock.
