Dialight plc Stock Forecast
Dialight plc stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Dialight plc stock price fell by -1.12% on the last day (Tuesday, 2nd Jul 2024) from £203.00 to £200.72. During the last trading day the stock fluctuated 2.48% from a day low at £200.72 to a day high of £205.70. The price has risen in 5 of the last 10 days and is up by 3.73% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -45 thousand shares and in total, 601 shares were bought and sold for approximately £120.63 thousand.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £203.76 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 28.66% during the next 3 months and, with a 90% probability hold a price between £240.27 and £262.14 at the end of this 3-month period.
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DIA.L Signals & Forecast
The Dialight plc stock 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 £199.40 and £185.18. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Dialight plc stock
Dialight plc finds support from accumulated volume at £195.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £4.98 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: £192.00 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (DIA.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Dialight plc to open at £202.38, and during the day (based on 14 day Average True Range), to move between £194.45 and £206.99, which gives a possible trading interval of +/-£6.27 (+/-3.12%) up or down from last closing price. If Dialight plc takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £202.00 (0.64%) than the support at £195.00 (2.85%), 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 Dialight plc 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 Dialight plc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.379 Buy Candidate Downgraded
Predicted Opening Price for Dialight plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £202.38 ( 0.83%) | £200.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIA.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 207.36 | 3.31% |
| R2 | 205.46 | 2.36% |
| R1 | 204.28 | 1.77% |
| Price | 200.72 | |
| S1 | 200.48 | -0.121% |
| S2 | 199.30 | -0.706% |
| S3 | 197.40 | -1.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 203.00 | 1.14% |
| R1 | 202.00 | 0.638% |
| Price | 200.72 | |
| S1 | 195.00 | -2.85% |
| S2 | 177.00 | -11.82% |
| S3 | 155.00 | -22.78% |
DIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 02, 2015 | Apr 30, 2015 | Jun 02, 2015 | £9.80 | 1.32% |
| 2 | Jul 21, 2014 | Sep 03, 2014 | Oct 06, 2014 | £5.20 | 0.562% |
| 3 | Feb 24, 2014 | Apr 30, 2014 | Jun 03, 2014 | £9.50 | 1.04% |
| 4 | Jul 22, 2013 | Aug 07, 2013 | Sep 06, 2013 | £4.90 | 0.353% |
| 5 | Feb 25, 2013 | Apr 10, 2013 | May 08, 2013 | £9.50 | 0.739% |
FAQ
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