Digital Realty Trust Inc Stock Forecast
Weaker technical forecast for Digital Realty Trust Inc as stock downgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The Digital Realty Trust Inc stock price gained 0.513% on the last trading day (Tuesday, 2nd Jul 2024), rising from $152.13 to $152.91. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.22% from a day low at $151.92 to a day high of $153.78. The price has risen in 7 of the last 10 days and is up by 2.62% over the past 2 weeks. Volume fell on the last day by -330 thousand shares and in total, 1 million shares were bought and sold for approximately $176.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak 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 7.76% during the next 3 months and, with a 90% probability hold a price between $156.47 and $168.57 at the end of this 3-month period.
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DLR Signals & Forecast
The Digital Realty Trust 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 $149.45 and $146.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 9.03%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.
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 stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.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 stock in question.
Support, Risk & Stop-loss for Digital Realty Trust Inc stock
Digital Realty Trust Inc finds support from accumulated volume at $148.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.86 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $147.93 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (DLR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Digital Realty Trust Inc to open at $152.87, and during the day (based on 14 day Average True Range), to move between $150.07 and $155.75, which gives a possible trading interval of +/-$2.84 (+/-1.86%) up or down from last closing price. If Digital Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $148.35, some $4.56 (2.98%) from the current price of $152.91, our system finds the risk reward attractive.
Is Digital Realty Trust Inc stock A Buy?
Digital Realty Trust Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Digital Realty Trust Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$152.87 ( 0.0262%) | $152.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 154.73 | 1.19% |
R2 | 154.02 | 0.726% |
R1 | 153.58 | 0.439% |
Price | 152.91 | |
S1 | 152.16 | -0.491% |
S2 | 151.72 | -0.778% |
S3 | 151.01 | -1.24% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 152.91 | |
S1 | 148.35 | -2.98% |
S2 | 143.54 | -6.13% |
S3 | 140.25 | -8.28% |
DLR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $1.22 | 0.80% |
2 | Feb 28, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.22 | 0.85% |
3 | Nov 28, 2023 | Dec 14, 2023 | Jan 19, 2024 | $1.22 | 0.89% |
4 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $1.22 | 1.01% |
5 | May 24, 2023 | Jun 14, 2023 | Jun 30, 2023 | $1.22 | 1.07% |
FAQ
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