d'Amico International Shipping S.A. Stock Forecast
d'Amico International Shipping S.A. stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The d'Amico International Shipping S.A. stock price gained 4.85% on the last trading day (Tuesday, 2nd Jul 2024), rising from 7.22€ to 7.57€. During the last trading day the stock fluctuated 4.83% from a day low at 7.25€ to a day high of 7.60€. The price has risen in 6 of the last 10 days and is up by 17.36% over the past 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 604 thousand shares were bought and sold for approximately 4.57€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 5.76% during the next 3 months and, with a 90% probability hold a price between 6.67€ and 8.45€ at the end of this 3-month period.
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DIS.MI Signals & Forecast
Mostly positive signals in the chart today. The d'Amico International Shipping S.A. 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 7.11€ and 6.79€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 21.70%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for d'Amico International Shipping S.A. stock
d'Amico International Shipping S.A. finds support from accumulated volume at 7.55€ 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 0.350€ between high and low, or 4.83%. For the last week, the stock has had daily average volatility of 4.93%.
Our recommended stop-loss: 7.34€ (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (DIS.MI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect d'Amico International Shipping S.A. to open at 7.47€, and during the day (based on 14 day Average True Range), to move between 7.31€ and 7.83€, which gives a possible trading interval of +/-0.261€ (+/-3.44%) up or down from last closing price. If d'Amico International Shipping S.A. takes out the full calculated possible swing range there will be an estimated 6.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 7.55€ (0.26%) than the resistance at 7.60€ (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is d'Amico International Shipping S.A. stock A Buy?
d'Amico International Shipping S.A. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.245 Strong Buy Candidate Upgraded
Predicted Opening Price for d'Amico International Shipping S.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 7.47€ ( 1.28%) | 7.57€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIS.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.82 | 3.35% |
| R2 | 7.69 | 1.58% |
| R1 | 7.61 | 0.489% |
| Price | 7.57 | |
| S1 | 7.34 | -3.04% |
| S2 | 7.26 | -4.13% |
| S3 | 7.12 | -5.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.75 | 2.38% |
| R2 | 7.65 | 1.06% |
| R1 | 7.60 | 0.396% |
| Price | 7.57 | |
| S1 | 7.55 | -0.264% |
| S2 | 6.76 | -10.70% |
| S3 | 6.43 | -15.06% |
DIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 02, 2024 | 0.194€ | 2.90% |
| 2 | Nov 27, 2023 | Nov 27, 2023 | Nov 29, 2023 | 0.166€ | 3.00% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 26, 2023 | 0.0180€ | 0.449% |
| 4 | May 23, 2016 | May 23, 2016 | May 23, 2016 | 0.0252€ | 0.675% |
| 5 | Apr 07, 2014 | Apr 07, 2014 | Apr 07, 2014 | 0.0141€ | 0.242% |
FAQ
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