DHT Holdings Inc Stock Forecast
DHT Holdings Inc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The DHT Holdings Inc stock price gained 1.81% on the last trading day (Friday, 19th Apr 2024), rising from $11.06 to $11.26. During the last trading day the stock fluctuated 2.36% from a day low at $11.04 to a day high of $11.30. The price has fallen in 6 of the last 10 days and is down by -3.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 92 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $12.21 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.05 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.26% during the next 3 months and, with a 90% probability hold a price between $11.63 and $12.75 at the end of this 3-month period.
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DHT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.81%. Further rise is indicated until a new top pivot has been found. 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 DHT Holdings Inc 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 $11.30 and $11.28. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for DHT Holdings Inc stock
DHT Holdings Inc finds support from accumulated volume at $11.22 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 $0.260 between high and low, or 2.36%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: $10.63 (-5.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (DHT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect DHT Holdings Inc to open at $11.20, and during the day (based on 14 day Average True Range), to move between $10.98 and $11.54, which gives a possible trading interval of +/-$0.283 (+/-2.52%) up or down from last closing price. If DHT Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.22 (0.36%) than the resistance at $11.30 (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DHT Holdings Inc stock A Buy?
DHT Holdings Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.100 Hold/Accumulate Upgraded
Predicted Opening Price for DHT Holdings Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $11.20 ( 0.562%) | $11.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.46 | 1.75 % | |
| R2 | 11.36 | 0.86 % | ||
| R1 | 11.30 | 0.320 % | ||
| Current price: | 11.26 | |||
| Support | S1 | 11.10 | -1.44 % | |
| S2 | 11.04 | -1.99 % | ||
| S3 | 10.94 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.44 | 1.60 % | |
| R2 | 11.37 | 0.98 % | ||
| R1 | 11.30 | 0.355 % | ||
| Current price | 11.26 | |||
| Support | S1 | 11.22 | -0.355% | |
| S2 | 11.00 | -2.31% | ||
| S3 | 10.93 | -2.93% |
DHT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 20, 2024 | Feb 28, 2024 | $0.220 | 2.04% |
| 2 | Nov 03, 2023 | Nov 20, 2023 | Nov 28, 2023 | $0.190 | 1.91% |
| 3 | Aug 22, 2023 | Aug 22, 2023 | Aug 30, 2023 | $0.350 | 3.76% |
| 4 | May 02, 2023 | May 17, 2023 | May 25, 2023 | $0.230 | 2.86% |
| 5 | Feb 07, 2023 | Feb 16, 2023 | May 25, 2023 | $0.380 | 4.73% |
FAQ
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