Djerriwarrh Investments Ltd-Fund Fund Forecast
Green day on Tuesday for Djerriwarrh Investments Ltd-Fund
(Updated on Jul 02, 2024)
The Djerriwarrh Investments Ltd-Fund fund price gained 1.01% on the last trading day (Tuesday, 2nd Jul 2024), rising from A$2.97 to A$3.00. During the last trading day the fund fluctuated 1.01% from a day low at A$2.97 to a day high of A$3.00. The price has risen in 5 of the last 10 days and is up by 2.39% 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, 28 thousand more shares were traded than the day before. In total, 163 thousand shares were bought and sold for approximately A$489.25 thousand.
The fund has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. A$2.99 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the fund is predicted to reach A$3.07 sometime during the next 3 months.
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DJW.AX Signals & Forecast
Mostly positive signals in the chart today. The Djerriwarrh Investments Ltd-Fund fund 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 A$2.96 and A$2.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.39%. 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. The fund had a Golden Star Signal on Friday, May 17, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.
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 Friday, May 17, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.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 Friday, May 17, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.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 0% to A$3.00 within 12 trading days since signal was issued (Thursday, July 04, 2024).
Support, Risk & Stop-loss for Djerriwarrh Investments Ltd-Fund fund
Djerriwarrh Investments Ltd-Fund finds support from accumulated volume at A$2.98 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$0.0300 between high and low, or 1.01%. For the last week the fund has had daily average volatility of 0.91%.
Our recommended stop-loss: A$2.84 (-5.42%) (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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Djerriwarrh Investments Ltd-Fund to open at A$2.99, and during the day (based on 14 day Average True Range), to move between A$2.97 and A$3.03, which gives a possible trading interval of +/-A$0.0347 (+/-1.16%) 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 2.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at A$3.01 (0.33%) than the support at A$2.98 (0.67%), 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 Djerriwarrh Investments Ltd-Fund fund A Buy?
Several short-term signals are positive and the fund has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Djerriwarrh Investments Ltd-Fund fund to perform well in the short-term period.
Current score: 2.384 Buy Candidate Unchanged
Predicted Opening Price for Djerriwarrh Investments Ltd-Fund of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| A$2.99 ( 0.333%) | A$3.00 |
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 | 3.02 | 0.667% |
| R2 | 3.01 | 0.285% |
| R1 | 3.00 | 0.0487% |
| Price | 3.00 | |
| S1 | 2.98 | -0.715% |
| S2 | 2.97 | -0.95% |
| S3 | 2.96 | -1.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 3.02 | 0.667% |
| R1 | 3.01 | 0.333% |
| Price | 3.00 | |
| S1 | 2.98 | -0.667% |
| S2 | 2.97 | -1.00% |
| S3 | 2.96 | -1.33% |
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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