Delek US Stock Forecast
Delek US stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Delek US stock price gained 0.137% on the last trading day (Friday, 26th Apr 2024), rising from $29.30 to $29.34. During the last trading day the stock fluctuated 2.82% from a day low at $28.73 to a day high of $29.54. The price has fallen in 7 of the last 10 days and is down by -7.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 172 thousand more shares were traded than the day before. In total, 718 thousand shares were bought and sold for approximately $21.08 million.
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 16.24% during the next 3 months and, with a 90% probability hold a price between $32.39 and $40.17 at the end of this 3-month period.
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DK Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Delek US 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 $29.52 and $30.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -12.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Delek US stock
On the downside, the stock finds support just below today's level from accumulated volume at $27.18 and $26.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Delek US finds support just below today's level at $27.18. If this is broken, then the next support from accumulated volume will be at $26.50 and $25.72.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.81 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 2.11%.
Delek US is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $27.61 (-5.91%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 15 which reduces the risk some. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (DK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Delek US Holdings Inc to open at $29.20, and during the day (based on 14 day Average True Range), to move between $28.49 and $30.19, which gives a possible trading interval of +/-$0.85 (+/-2.88%) up or down from last closing price. If Delek US Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.50 (0.55%) than the support at $27.18 (7.36%), 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 Delek US Holdings Inc stock A Buy?
Delek US holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.057 Hold/Accumulate Upgraded
Predicted Opening Price for Delek US Holdings Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$29.20 ( 0.466%) | $29.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.01 | 2.29 % | |
R2 | 29.70 | 1.24 % | ||
R1 | 29.51 | 0.589 % | ||
Current price: | 29.34 | |||
Support | S1 | 28.89 | -1.52 % | |
S2 | 28.70 | -2.17 % | ||
S3 | 28.39 | -3.23 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.17 | 9.65 % | |
R2 | 30.74 | 4.77 % | ||
R1 | 29.50 | 0.545 % | ||
Current price | 29.34 | |||
Support | S1 | 27.18 | -7.36% | |
S2 | 26.50 | -9.68% | ||
S3 | 25.72 | -12.34% |
DK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Feb 29, 2024 | Mar 08, 2024 | $0.245 | 0.92% |
2 | Nov 01, 2023 | Nov 10, 2023 | Nov 20, 2023 | $0.240 | 0.87% |
3 | Aug 04, 2023 | Aug 11, 2023 | Aug 21, 2023 | $0.235 | 0.88% |
4 | May 02, 2023 | May 12, 2023 | May 22, 2023 | $0.230 | 1.00% |
5 | Feb 28, 2023 | Mar 09, 2023 | Mar 17, 2023 | $0.220 | 0.99% |
FAQ
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