DHT Holdings Inc 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
DHT Holdings Inc stock price down 0.263% on Wednesday
(Updated on May 01, 2024)
The DHT Holdings Inc stock price fell by -0.263% on the last day (Wednesday, 1st May 2024) from $11.42 to $11.39. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.76% from a day low at $11.30 to a day high of $11.50. The price has fallen in 6 of the last 10 days but is still up by 0.98% over the past 2 weeks. Volume has increased on the last day by 221 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $13.23 million.
The stock 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 stock is expected to rise 5.37% during the next 3 months and, with a 90% probability hold a price between $11.75 and $12.87 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.
DHT Signals & Forecast
The DHT Holdings Inc stock 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 stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $11.42. On a fall, the stock will find some support from the long-term average at approximately $11.36. 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 Thursday, April 18, 2024, and so far it has risen 2.98%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 02, 2024.
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
The stock had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 02, 2024.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 Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 02, 2024.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 $11.37 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 $0.199 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $10.88 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (DHT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect DHT Holdings Inc to open at $11.40, and during the day (based on 14 day Average True Range), to move between $11.14 and $11.64, which gives a possible trading interval of +/-$0.248 (+/-2.18%) up or down from last closing price. If DHT Holdings Inc takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.37 (0.18%) than the resistance at $11.44 (0.44%), 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?
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 DHT Holdings Inc stock to perform well in the short-term.
Current score: 4.137 Buy Candidate Unchanged
Predicted Opening Price for DHT Holdings Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $11.40 ( 0.0615%) | $11.39 |
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 | 11.60 | 1.81 % | |
| R2 | 11.52 | 1.14 % | ||
| R1 | 11.47 | 0.729 % | ||
| Current price: | 11.39 | |||
| Support | S1 | 11.32 | -0.606 % | |
| S2 | 11.27 | -1.02 % | ||
| S3 | 11.20 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.53 | 1.23 % | |
| R2 | 11.50 | 0.97 % | ||
| R1 | 11.44 | 0.439 % | ||
| Current price | 11.39 | |||
| Support | S1 | 11.37 | -0.176% | |
| S2 | 11.00 | -3.42% | ||
| S3 | 10.93 | -4.04% |
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
Click here for our free guide on how to buy DHT Holdings Inc Stock.
