Djerriwarrh Investments Ltd-Fund Fund Forecast
Weaker technical forecast for Djerriwarrh Investments Ltd-Fund as fund downgraded to Sell Candidate.
(Updated on Jun 21, 2024)
No changes to the price of Djerriwarrh Investments Ltd-Fund fund on the last trading day (Friday, 21st Jun 2024). During the last trading day the fund fluctuated 1.01% from a day low at A$2.96 to a day high of A$2.99. The price has fallen in 5 of the last 10 days and is down by -0.67% for this period.
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$2.90 and A$2.98 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). 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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.
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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund 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 1.33%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DJW.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th 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$0.0361 (+/-1.22%) 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 2.44% 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.872 Sell Candidate Downgraded
Predicted Opening Price for Djerriwarrh Investments Ltd-Fund of Monday, June 24, 2024
Fair opening price June 24, 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 | 3.00 | 1.35% |
R2 | 2.99 | 0.96% |
R1 | 2.98 | 0.725% |
Price | 2.96 | |
S1 | 2.96 | -0.0493% |
S2 | 2.95 | -0.289% |
S3 | 2.94 | -0.676% |
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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