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DISH Network Corporation Stock Forecast NASDAQ:DISH

$31.23 (0.13%)

Volume: 4M

Closed: Dec 03, 2021

Hollow Logo Score: -4.674

DISH Network Corporation Stock Forecast

$31.23 (0.13%)

Volume: 4M

Closed: Dec 03, 2021

Score Hollow Logo -4.674
Which way will DISH go? Request
Key Stats
P/E Ratio 6.34
Beta 1.28
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The DISH Network Corporation stock currently holds an RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

DISH Network Corporation stock price ended on $31.23 on Friday after gaining 0.13%
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-04 Loss -15.78%

The DISH Network Corporation stock price gained 0.13% on the last trading day (Friday, 3rd Dec 2021), rising from $31.19 to $31.23. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.27% from a day low at $30.00 to a day high of $31.28. The price has fallen in 6 of the last 10 days and is down by -8.98% for this period. Volume fell on the last day by -777 thousand shares and in total, 4 million shares were bought and sold for approximately $134.53 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.13 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.97% during the next 3 months and, with a 90% probability hold a price between $22.61 and $29.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 2.23%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DISH Network Corporation 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 $32.06 and $37.90. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss

DISH Network Corporation finds support from accumulated volume at $31.19 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 $1.28 between high and low, or 4.27%. For the last week, the stock has had a daily average volatility of 4.83%.

DISH Network Corporation is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is DISH Network Corporation stock A Buy?

DISH Network Corporation holds several negative signals and is within a very 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: -4.674

Predicted Opening Price for DISH Network Corporation of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$30.84 $31.23 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 30, 2021 "Morgan Stanley" gave "$50.00 - $40.00" rating for DISH. The price target was changed from $31.68 to 4.4%.

Volatility and Risk
Daily Average Volatility: 4.83 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.83 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $31.25
Price: $31.23
Support: $31.19

DISH Insider Trading Show all Trades

INSIDER POWER

0.789

Last 100 transactions
Buy: 221 012 782 | Sell: 280 169 492 (Shares)
Date Action Amount Person Type
Nov 11, 2021 Buy 350 000 Defranco James Class A Common Stock
Nov 11, 2021 Sell 350 000 Defranco James Class A Common Stock
Sep 29, 2021 Sell 540 000 Ergen Charles W Employee Stock Option (Right to Buy)
Sep 29, 2021 Buy 540 000 Ergen Charles W Class A Common Stock
Sep 13, 2021 Sell 500 Scott David A. Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.789

Last 100 transactions
Buy: 221 012 782 | Sell: 280 169 492 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 32.12 2.84 %
31.63 1.27 %
31.33 0.31 %
Current price: 31.23
Support 30.35 -2.83 %
30.05 -3.79 %
29.56 -5.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 37.08 18.73 %
33.58 7.52 %
31.25 0.0640 %
Current price 31.23
Support 31.19 -0.13%
30.55 -2.18%
0 .

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About DISH Network Corporation

DISH Network DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates through two segments, DISH and Wireless. The company provides video services under the DISH brand. It also offers programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium ... Read more

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