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Analyst Ratings Last 30 days
Stop-loss: $96.71 (-3.44%)
Price TargetJune 07, 2021 14
Low Average High
$78.00 $100.60 $142.00
Key Stats
P/E Ratio 6.34
Beta 0.83
Trailing Dividend Rate 1.65% ($1.65)
* 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 Dick's Sporting Goods Inc stock holds an RSI14 at 78 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Stronger technical forecast for Dick's Sporting Goods Inc stock price after Friday trading. (Updated on June 11, 2021)


Buy or Hold candidate since 2021-05-26 Gain 1.79%

The Dick's Sporting Goods Inc stock price gained 2.89% on the last trading day (Friday, 11th Jun 2021), rising from $97.35 to $100.16. During the day the stock fluctuated 2.97% from a day low at $97.47 to a day high of $100.36. The price has fallen in 7 of the last 10 days, but is still up by 1.42% 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, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $286.40 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $100.43 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 27.33% during the next 3 months and, with a 90% probability hold a price between $112.15 and $127.87 at the end of this 3-month period.

Signals & Forecast

Mostly positive signals in the chart today. The Dick's Sporting Goods Inc stock 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 $98.18 and $89.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 21, 2021, and so far it has risen 20.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

Dick's Sporting Goods Inc finds support from accumulated volume at $98.76 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 $2.89 between high and low, or 2.97%. For the last week, the stock has had a daily average volatility of 3.03%.

The Dick's Sporting Goods Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $96.71 (-3.44%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Is Dick's Sporting Goods Inc stock A Buy?

Dick's Sporting Goods Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy Candidate candidate.

Current score: 5.860

Predicted Opening Price for Dick's Sporting Goods Inc of Monday, June 14, 2021

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

Fair opening price June 14, 2021 Current price
$99.33 $100.16 (Overvalued)
Strong Buy Candidate Upgraded

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Analyst Ratings

Argus is very positive about DKS and gave it a "Buy" rating on June 07, 2021. The price target was changed from $92.00 to $110.00. Over the last 30 days, this security got 8 buy, 0 sell, and 6 hold ratings.

Volatility
3.03 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $100.16
Support: $98.76

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 102.22 2.06 %
101.12 0.95 %
100.43 0.27 %
Current price: 100.16
Support 98.23 -1.93 %
97.54 -2.61 %
96.44 -3.71 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 100.16
Support 98.76 -1.40%
98.40 -1.76%
96.80 -3.35%

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About Dick's Sporting Goods Inc

Dick's Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. The company also owns and operates Golf Galaxy, Field & Stream, Chelsea Collective, and True Runner specialty concept stores; and e-commerce Websites, such as DICK... Read more

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