Delta Apparel, Inc Stock Forecast
Stronger technical forecast for Delta Apparel, Inc stock price after Friday trading.
(Updated on Apr 26, 2024)
The Delta Apparel, Inc stock price gained 4.56% on the last trading day (Friday, 26th Apr 2024), rising from $2.41 to $2.52. During the last trading day the stock fluctuated 6.20% from a day low at $2.42 to a day high of $2.57. The price has risen in 5 of the last 10 days but is still down by -5.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $44.59 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -54.19% during the next 3 months and, with a 90% probability hold a price between $0.331 and $1.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DLA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.56%. Further rise is indicated until a new top pivot has been found. Delta Apparel, Inc 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Delta Apparel, Inc 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 $2.55 and $2.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Delta Apparel, Inc stock
Delta Apparel, Inc finds support from accumulated volume at $2.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.150 between high and low, or 6.20%. For the last week, the stock has had daily average volatility of 8.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DLA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Delta Apparel, Inc to open at $2.50, and during the day (based on 14 day Average True Range), to move between $2.30 and $2.74, which gives a possible trading interval of +/-$0.215 (+/-8.53%) up or down from last closing price. If Delta Apparel, Inc takes out the full calculated possible swing range there will be an estimated 17.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.47 (1.98%) than the resistance at $2.75 (9.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Delta Apparel, Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.98. We will update the financials statements for Delta Apparel, Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.51% in the first trading day after earnings release.
Is Delta Apparel, Inc stock A Buy?
Delta Apparel, Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.778 Sell Candidate Upgraded
Predicted Opening Price for Delta Apparel, Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $2.50 ( 0.661%) | $2.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.65 | 5.29 % | |
| R2 | 2.60 | 3.02 % | ||
| R1 | 2.56 | 1.61 % | ||
| Current price: | 2.52 | |||
| Support | S1 | 2.45 | -2.94 % | |
| S2 | 2.41 | -4.34 % | ||
| S3 | 2.35 | -6.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.05 | 21.03 % | |
| R2 | 2.91 | 15.48 % | ||
| R1 | 2.75 | 9.13 % | ||
| Current price | 2.52 | |||
| Support | S1 | 2.47 | -1.98% | |
| S2 | 2.41 | -4.37% | ||
| S3 | 0 | . |
DLA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2007 | Aug 27, 2007 | Sep 10, 2007 | $0.0500 | 0.292% |
| 2 | May 01, 2007 | May 14, 2007 | May 29, 2007 | $0.0500 | 0.294% |
| 3 | Feb 02, 2007 | Feb 12, 2007 | Feb 26, 2007 | $0.0500 | 0.296% |
| 4 | Nov 06, 2006 | Nov 13, 2006 | Nov 27, 2006 | $0.0500 | 0.277% |
| 5 | Aug 18, 2006 | Aug 28, 2006 | Sep 11, 2006 | $0.0500 | 0.260% |
FAQ
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