Dri Healthcare Trust Trust Forecast

Red day on Monday for Dri Healthcare Trust
(Updated on Jun 24, 2024)

DHT-UN.TO Signals & Forecast

The Dri Healthcare Trust trust holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately $15.17. On a fall, the trust will find some support from the long-term average at approximately $15.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -2.39% to $14.77 within 10 trading days since signal was issued (Friday, July 05, 2024).

Support, Risk & Stop-loss for Dri Healthcare Trust trust

Dri Healthcare Trust finds support from accumulated volume at $15.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved $0 between high and low, or 0%. For the last week the trust has had daily average volatility of 4.41%

Our recommended stop-loss: $14.22 (-6.04%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (DHT-UN.TO) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Dri Healthcare Trust to open at $15.13, and during the day (based on 14 day Average True Range), to move between $14.59 and $15.67, which gives a possible trading interval of +/-$0.535 (+/-3.54%) up or down from last closing price. If Dri Healthcare Trust takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.17 (0.26%) than the support at $15.04 (0.59%), 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 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.

Current score: 2.651 Buy Candidate Unchanged

Predicted Opening Price for Dri Healthcare Trust of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.