d'Amico International Shipping S.A. Stock Forecast
d'Amico International Shipping S.A. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The d'Amico International Shipping S.A. stock price gained 2.22% on the last trading day (Friday, 17th May 2024), rising from 6.76€ to 6.91€. During the last trading day the stock fluctuated 4.45% from a day low at 6.74€ to a day high of 7.04€. The price has risen in 7 of the last 10 days and is up by 4.86% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 682 thousand shares were bought and sold for approximately 4.72€ 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 wide and strong 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 14.45% during the next 3 months and, with a 90% probability hold a price between 7.44€ and 8.93€ at the end of this 3-month period.
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DIS.MI Signals & Forecast
The d'Amico International Shipping S.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 7.42€. On a fall, the stock will find some support from the long-term average at approximately 6.65€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -10.84%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for d'Amico International Shipping S.A. stock
d'Amico International Shipping S.A. finds support from accumulated volume at 6.76€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.300€ between high and low, or 4.45%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: 6.54€ (-5.34%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (DIS.MI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect d'Amico International Shipping S.A. to open at 6.90€, and during the day (based on 14 day Average True Range), to move between 6.58€ and 7.24€, which gives a possible trading interval of +/-0.329€ (+/-4.77%) 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 9.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.76€ (2.17%) than the resistance at 7.55€ (9.26%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for d'Amico International Shipping S.A. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.936 Buy Candidate Upgraded
Predicted Opening Price for d'Amico International Shipping S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 6.90€ ( 0.193%) | 6.91€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 7.20 | 4.15 % | |
| R2 | 7.08 | 2.49 % | ||
| R1 | 7.01 | 1.47 % | ||
| Current price: | 6.91 | |||
| Support | S1 | 6.78 | -1.85 % | |
| S2 | 6.71 | -2.88 % | ||
| S3 | 6.60 | -4.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.65 | 10.71 % | |
| R2 | 7.60 | 9.99 % | ||
| R1 | 7.55 | 9.26 % | ||
| Current price | 6.91 | |||
| Support | S1 | 6.76 | -2.17% | |
| S2 | 6.68 | -3.33% | ||
| S3 | 6.32 | -8.54% |
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 27, 2023 | 0€ | 0% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 0.0180€ | 0.441% |
| 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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