Dri Healthcare Trust Trust Forecast
Dri Healthcare Trust trust upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The Dri Healthcare Trust trust price gained 1.51% on the last trading day (Thursday, 20th Jun 2024), rising from $15.28 to $15.51. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the trust fluctuated 6.14% from a day low at $14.98 to a day high of $15.90. The price has risen in 6 of the last 10 days and is up by 0.06% 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, 100 thousand more shares were traded than the day before. In total, 115 thousand shares were bought and sold for approximately $1.78 million.
The trust lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the trust is expected to rise 4.11% during the next 3 months and, with a 90% probability hold a price between $15.21 and $16.46 at the end of this 3-month period.
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DHT-UN.TO Signals & Forecast
Mostly positive signals in the chart today. The Dri Healthcare Trust trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.20 and $15.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 4.09%. 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.
Support, Risk & Stop-loss for Dri Healthcare Trust trust
Dri Healthcare Trust finds support from accumulated volume at $15.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the trust moved $0.92 (6.14%) between high and low. For the last week, the trust has had daily average volatility of 4.67%.
Our recommended stop-loss: $14.74 (-4.98%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (DHT-UN.TO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Dri Healthcare Trust to open at $15.46, and during the day (based on 14 day Average True Range), to move between $14.95 and $16.07, which gives a possible trading interval of +/-$0.555 (+/-3.58%) up or down from last closing price. If Dri Healthcare Trust takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.17, some $0.340 (2.19%) from the current price of $15.51, our system finds the risk reward attractive.
Is Dri Healthcare Trust trust A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dri Healthcare Trust trust to perform well in the short-term. We have upgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.999 Buy Candidate Upgraded
Predicted Opening Price for Dri Healthcare Trust of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $15.46 ( 0.301%) | $15.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHT-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.38 | 5.63% |
| R2 | 16.03 | 3.36% |
| R1 | 15.81 | 1.97% |
| Price | 15.51 | |
| S1 | 15.11 | -2.57% |
| S2 | 14.89 | -3.97% |
| S3 | 14.54 | -6.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 15.51 | |
| S1 | 15.17 | -2.19% |
| S2 | 15.04 | -3.03% |
| S3 | 14.71 | -5.16% |
FAQ
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