Dorel Industries Inc. Class B Stock Forecast
Red day on Friday for Dorel Industries Inc. Class B
(Updated on May 03, 2024)
No changes to the price of Dorel Industries Inc. Class B stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 4.68% from a day low at $5.77 to a day high of $6.04. The price has fallen in 5 of the last 10 days and is down by -5.44% for this period.
The stock lies in the middle of a very wide and 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 3.97% during the next 3 months and, with a 90% probability hold a price between $5.82 and $7.31 at the end of this 3-month period.
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DII-B.TO Signals & Forecast
There are mixed signals in the stock today. The Dorel Industries Inc. Class B 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 $5.98 and $6.32. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dorel Industries Inc. Class B stock
Dorel Industries Inc. Class B finds support from accumulated volume at $5.81 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 $0.270 between high and low, or 4.68%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DII-B.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Dorel Industries Inc. Class B to open at $5.91, and during the day (based on 14 day Average True Range), to move between $5.63 and $6.19, which gives a possible trading interval of +/-$0.281 (+/-4.75%) up or down from last closing price. If Dorel Industries Inc. Class B takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.96 (0.85%) than the support at $5.81 (1.69%), 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.
Earnings coming up
Dorel Industries Inc. Class B will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.220. We will update the financials statements for Dorel Industries Inc. Class B, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.50% in the first trading day after earnings release.
Is Dorel Industries Inc. Class B stock A Buy?
Dorel Industries Inc. Class B holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.360 Sell Candidate Unchanged
Predicted Opening Price for Dorel Industries Inc. Class B of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.91 ( 0.0564%) | $5.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DII-B.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.18 | 4.51 % | |
| R2 | 6.07 | 2.77 % | ||
| R1 | 6.01 | 1.69 % | ||
| Current price: | 5.91 | |||
| Support | S1 | 5.80 | -1.80 % | |
| S2 | 5.74 | -2.88 % | ||
| S3 | 5.64 | -4.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.25 | 5.75 % | |
| R2 | 6.07 | 2.71 % | ||
| R1 | 5.96 | 0.85 % | ||
| Current price | 5.91 | |||
| Support | S1 | 5.81 | -1.69% | |
| S2 | 5.70 | -3.55% | ||
| S3 | 5.47 | -7.45% |
DII-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2022 | Feb 02, 2022 | Feb 01, 2022 | $15.22 | 57.23% |
| 2 | Aug 29, 2019 | Aug 29, 2019 | Aug 29, 2019 | $0.200 | 2.25% |
| 3 | May 30, 2019 | May 30, 2019 | May 30, 2019 | $0.203 | 1.85% |
| 4 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | $0.201 | 1.64% |
| 5 | Nov 15, 2018 | Nov 15, 2018 | Nov 15, 2018 | $0.397 | 2.07% |
FAQ
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