Dorel Inds Cl B Stock Forecast
Green day on Monday for Dorel Inds Cl B
(Updated on May 20, 2024)
The Dorel Inds Cl B stock price gained 4.45% on the last trading day (Monday, 20th May 2024), rising from $4.60 to $4.80. During the last trading day the stock fluctuated 5.03% from a day low at $4.57 to a day high of $4.80. The price has risen in 5 of the last 10 days and is up by 10.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $6.29 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dorel Inds Cl B stock with a 90% probability to be traded between $4.30 and $5.28 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DIIBF Signals & Forecast
Mostly positive signals in the chart today. The Dorel Inds Cl B 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 $4.57 and $4.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 14.01%. 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). Dorel Inds Cl B 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.
Support, Risk & Stop-loss for Dorel Inds Cl B stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.40 and $4.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dorel Inds Cl B finds support just below today's level at $4.40. If this is broken, then the next support from accumulated volume will be at $4.38 and $4.05.
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 $0.230 between high and low, or 5.03%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $4.62 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (DIIBF) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Dorel Inds Cl B to open at $4.72, and during the day (based on 14 day Average True Range), to move between $4.67 and $4.93, which gives a possible trading interval of +/-$0.135 (+/-2.81%) up or down from last closing price. If Dorel Inds Cl B takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.87 (1.42%) than the support at $4.40 (8.33%), 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 Dorel Inds Cl B stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dorel Inds Cl B stock to perform well in the short-term period.
Current score: 3.148 Buy Candidate Unchanged
Predicted Opening Price for Dorel Inds Cl B of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $4.72 ( 1.60%) | $4.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIIBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.95 | 3.19 % | |
| R2 | 4.87 | 1.36 % | ||
| R1 | 4.81 | 0.233 % | ||
| Current price: | 4.80 | |||
| Support | S1 | 4.64 | -3.43 % | |
| S2 | 4.58 | -4.56 % | ||
| S3 | 4.49 | -6.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.04 | 5.00 % | |
| R2 | 4.98 | 3.75 % | ||
| R1 | 4.87 | 1.42 % | ||
| Current price | 4.80 | |||
| Support | S1 | 4.40 | -8.33% | |
| S2 | 4.38 | -8.69% | ||
| S3 | 4.05 | -15.63% |
DIIBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2022 | Feb 02, 2022 | Feb 01, 2022 | $12.00 | 61.13% |
| 2 | Aug 29, 2019 | Aug 29, 2019 | Aug 29, 2019 | $0.150 | 2.22% |
| 3 | May 30, 2019 | May 30, 2019 | May 30, 2019 | $0.150 | 1.83% |
| 4 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | $0.150 | 1.66% |
| 5 | Aug 16, 2018 | Aug 16, 2018 | Aug 16, 2018 | $0.300 | 1.62% |
FAQ
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