Daito Trust Adr Stock Forecast
On Tuesday, Daito Trust Adr stock price gained an impressive 6.13%
(Updated on Jul 02, 2024)
The Daito Trust Adr stock price gained 6.13% on the last trading day (Tuesday, 2nd Jul 2024), rising from $24.97 to $26.50. During the last trading day the stock fluctuated 2.91% from a day low at $25.75 to a day high of $26.50. The price has been going up and down for this period, and there has been a 1.3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 67 more shares were traded than the day before. In total, 67 shares were bought and sold for approximately $1.78 thousand.
The stock lies the upper part of a wide and falling 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 $27.00 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.29% during the next 3 months and, with a 90% probability hold a price between $22.71 and $25.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DIFTY Signals & Forecast
The Daito Trust Adr stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $25.41 and $26.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 6.13%. Further rise is indicated until a new top pivot has been found. Daito Trust Adr has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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).
Support, Risk & Stop-loss for Daito Trust Adr stock
Daito Trust Adr finds support from accumulated volume at $26.24 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.750 between high and low, or 2.91%. For the last week, the stock has had daily average volatility of 0.583%.
Our recommended stop-loss: $25.04 (-5.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (DIFTY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Daito Trust Adr to open at $26.25, and during the day (based on 14 day Average True Range), to move between $26.02 and $26.98, which gives a possible trading interval of +/-$0.476 (+/-1.80%) up or down from last closing price. If Daito Trust Adr takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.24 (0.98%) than the resistance at $26.83 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daito Trust Adr stock A Buy?
Daito Trust Adr holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Daito Trust Adr of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $26.25 ( 0.94%) | $26.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIFTY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.00 | 1.89% |
| R2 | 26.71 | 0.81% |
| R1 | 26.54 | 0.138% |
| Price | 26.50 | |
| S1 | 25.96 | -2.02% |
| S2 | 25.79 | -2.69% |
| S3 | 25.50 | -3.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.42 | 3.47% |
| R2 | 27.01 | 1.92% |
| R1 | 26.83 | 1.25% |
| Price | 26.50 | |
| S1 | 26.24 | -0.98% |
| S2 | 26.21 | -1.10% |
| S3 | 26.00 | -1.89% |
DIFTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Nov 24, 2023 | $0.354 | 1.26% |
| 2 | Sep 27, 2023 | Sep 27, 2023 | Nov 24, 2023 | $0.354 | 1.26% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Jul 06, 2023 | $0.357 | 1.46% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Nov 28, 2022 | $0.365 | 1.32% |
| 5 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.518 | 1.74% |
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