Delivery Hero Ag Stock Forecast
Delivery Hero Ag stock upgraded to Buy Candidate.
(Updated on May 16, 2024)
The Delivery Hero Ag stock price gained 4.54% on the last trading day (Thursday, 16th May 2024), rising from $33.89 to $35.43. During the last trading day the stock fluctuated 0% from a day low at $35.43 to a day high of $35.43. The price has been going up and down for this period, and there has been a 30.45% gain for the last 2 weeks. Volume fell on the last day by -350 shares and in total, 100 shares were bought and sold for approximately $3.54 thousand. 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 very 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 18.77% during the next 3 months and, with a 90% probability hold a price between $31.36 and $46.05 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DLVHF Signals & Forecast
The Delivery Hero Ag stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $29.75 and $30.22. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -2.02%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Delivery Hero Ag stock
Delivery Hero Ag finds support from accumulated volume at $35.16 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.294%.
Our recommended stop-loss: $34.30 (-3.20%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (DLVHF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Delivery Hero Ag to open at $35.43, and during the day (based on 14 day Average True Range), to move between $33.88 and $36.98, which gives a possible trading interval of +/-$1.55 (+/-4.39%) up or down from last closing price. If Delivery Hero Ag takes out the full calculated possible swing range there will be an estimated 8.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.16 (0.76%) than the resistance at $36.16 (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Delivery Hero Ag stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Delivery Hero Ag stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.677 Buy Candidate Upgraded
Predicted Opening Price for Delivery Hero Ag of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $35.43 ( 0%) | $35.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLVHF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.43 | . | |
| R2 | 35.43 | . | ||
| R1 | 35.43 | . | ||
| Current price: | 35.43 | |||
| Support | S1 | 35.43 | . | |
| S2 | 35.43 | . | ||
| S3 | 35.43 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 36.16 | 2.06 % | ||
| Current price | 35.43 | |||
| Support | S1 | 35.16 | -0.762% | |
| S2 | 29.43 | -16.95% | ||
| S3 | 29.35 | -17.17% |
FAQ
Click here for our free guide on how to buy Delivery Hero Ag Stock.
