Djerriwarrh Investments Ltd-Fund Fund Forecast
Djerriwarrh Investments Ltd-Fund fund upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 20, 2024)
The Djerriwarrh Investments Ltd-Fund fund price gained 1.02% on the last trading day (Thursday, 20th Jun 2024), rising from A$2.93 to A$2.96. During the last trading day the fund fluctuated 2.38% from a day low at A$2.94 to a day high of A$3.01. The price has fallen in 6 of the last 10 days and is down by -1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 114 thousand more shares were traded than the day before. In total, 250 thousand shares were bought and sold for approximately A$739.36 thousand.
The fund is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Djerriwarrh Investments Ltd-Fund fund with a 90% probability to be traded between A$2.89 and A$2.99 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DJW.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.02%. 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). Djerriwarrh Investments Ltd-Fund 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Djerriwarrh Investments Ltd-Fund fund holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term Moving Average at A$2.97. On a fall, the fund will find some support from the short-term average at A$2.95. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The fund had a Golden Star Signal on Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, October 12, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.
Golden Star
The fund had a Golden Star Signal on Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, October 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.
Golden Star 12 Months
The fund had a Golden Star Signal on Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, October 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.
A buy signal from a double bottom formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should go up by 1.35% to A$3.00 within 12 trading days since signal was issued (Friday, June 21, 2024).
Support, Risk & Stop-loss for Djerriwarrh Investments Ltd-Fund fund
Djerriwarrh Investments Ltd-Fund finds support from accumulated volume at A$2.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved A$0.0700 between high and low, or 2.38%. For the last week the fund has had daily average volatility of 1.33%.
Our recommended stop-loss: A$2.79 (-5.60%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (DJW.AX) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Djerriwarrh Investments Ltd-Fund to open at A$2.97, and during the day (based on 14 day Average True Range), to move between A$2.92 and A$3.00, which gives a possible trading interval of +/-A$0.0366 (+/-1.24%) up or down from last closing price. If Djerriwarrh Investments Ltd-Fund takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$2.95 (0.34%) than the resistance at A$2.97 (0.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Djerriwarrh Investments Ltd-Fund fund A Buy?
Djerriwarrh Investments Ltd-Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this fund since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.240 Hold/Accumulate Upgraded
Predicted Opening Price for Djerriwarrh Investments Ltd-Fund of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| A$2.97 ( 0.338%) | A$2.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DJW.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.04 | 2.70% |
| R2 | 3.01 | 1.80% |
| R1 | 3.00 | 1.24% |
| Price | 2.96 | |
| S1 | 2.94 | -0.566% |
| S2 | 2.93 | -1.12% |
| S3 | 2.90 | -2.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.99 | 1.01% |
| R2 | 2.98 | 0.676% |
| R1 | 2.97 | 0.338% |
| Price | 2.96 | |
| S1 | 2.95 | -0.338% |
| S2 | 2.94 | -0.676% |
| S3 | 2.93 | -1.01% |
DJW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Feb 22, 2024 | A$0.0725 | 2.48% |
| 2 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | A$0.0775 | 2.68% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | A$0.0725 | 2.53% |
| 4 | Aug 08, 2022 | Aug 08, 2022 | Aug 08, 2022 | A$0.0700 | 2.39% |
| 5 | Feb 02, 2022 | Feb 02, 2022 | Feb 02, 2022 | A$0.0675 | 2.16% |
FAQ
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