Daito Trust Adr 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
Daito Trust Adr stock price down 3.22% on Tuesday
(Updated on Apr 30, 2024)
The Daito Trust Adr stock price fell by -3.22% on the last day (Tuesday, 30th Apr 2024) from $27.42 to $26.54. During the last trading day the stock fluctuated 0.679% from a day low at $26.36 to a day high of $26.54. The price has risen in 6 of the last 10 days and is up by 0.06% 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 -953 shares and in total, 2 thousand shares were bought and sold for approximately $46.23 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.79% during the next 3 months and, with a 90% probability hold a price between $24.25 and $27.32 at the end of this 3-month period.
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DIFTY Signals & Forecast
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. The Daito Trust Adr stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.21 and $28.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.22%. 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. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, April 26, 2024 and based on theory for this formation the price should go up by 5.43% to $27.98 within 8 trading days since signal was issued (Wednesday, May 01, 2024).
Support, Risk & Stop-loss for Daito Trust Adr stock
Daito Trust Adr finds support from accumulated volume at $26.52 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.179 between high and low, or 0.679%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DIFTY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Daito Trust Adr to open at $26.48, and during the day (based on 14 day Average True Range), to move between $25.64 and $27.43, which gives a possible trading interval of +/-$0.90 (+/-3.38%) up or down from last closing price. If Daito Trust Adr takes out the full calculated possible swing range there will be an estimated 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.52 (0.06%) than the resistance at $28.31 (6.68%), 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 negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.202 Sell Candidate Unchanged
Predicted Opening Price for Daito Trust Adr of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $26.48 ( 0.225%) | $26.54 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 26.66 | 0.450 % | |
| R2 | 26.59 | 0.192 % | ||
| R1 | 26.55 | 0.0328 % | ||
| Current price: | 26.54 | |||
| Support | S1 | 26.41 | -0.483 % | |
| S2 | 26.37 | -0.642 % | ||
| S3 | 26.30 | -0.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.39 | 10.74 % | |
| R2 | 28.37 | 6.89 % | ||
| R1 | 28.31 | 6.68 % | ||
| Current price | 26.54 | |||
| Support | S1 | 26.52 | -0.0622% | |
| S2 | 26.40 | -0.533% | ||
| S3 | 0 | . |
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 | Mar 30, 2023 | Mar 30, 2023 | Jul 06, 2023 | $0.357 | 1.46% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Nov 28, 2022 | $0.365 | 1.32% |
| 4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.518 | 1.74% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.568 | 1.97% |
FAQ
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