Duluth Holdings Inc. Stock Forecast
Duluth Holdings Inc. stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Nov 29, 2023)
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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 -19.02% during the next 3 months and, with a 90% probability hold a price between $3.68 and $4.82 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.
DLTH Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, November 08, 2023, and so far it has risen 5.98%. 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 Duluth Holdings Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.22 and $5.17. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Duluth Holdings Inc. stock
Duluth Holdings Inc. finds support from accumulated volume at $5.04 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.290 between high and low, or 5.68%. For the last week the stock has had daily average volatility of 6.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DLTH) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Duluth Holdings Inc. to open at $5.21, and during the day (based on 14 day Average True Range), to move between $4.86 and $5.42, which gives a possible trading interval of +/-$0.277 (+/-5.39%) up or down from last closing price. If Duluth Holdings Inc. takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.18 (0.78%) than the support at $5.04 (1.95%), 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 Duluth Holdings Inc. stock A Buy?
Duluth Holdings Inc. 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 stock. 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 Sell candidate.
Current score: -3.394 Open Broker Account
Sell Candidate DowngradedPredicted Opening Price for Duluth Holdings Inc. of Thursday, November 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price November 30, 2023 | Current price |
|---|---|
| $5.21 | $5.14 (Undervalued) |
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Trading levels for DLTH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.50 | 7.00 % | |
| R2 | 5.39 | 4.85 % | ||
| R1 | 5.32 | 3.52 % | ||
| Current price: | 5.14 | |||
| Support | S1 | 5.10 | -0.793 % | |
| S2 | 5.03 | -2.12 % | ||
| S3 | 4.92 | -4.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.94 | 15.56 % | |
| R2 | 5.60 | 8.95 % | ||
| R1 | 5.18 | 0.778 % | ||
| Current price | 5.14 | |||
| Support | S1 | 5.04 | -1.95% | |
| S2 | 5.01 | -2.53% | ||
| S3 | 4.85 | -5.64% |
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