Deluxe Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Deluxe Corporation stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Deluxe Corporation stock price fell by -0.232% on the last day (Friday, 3rd May 2024) from $21.57 to $21.52. During the last trading day the stock fluctuated 4.27% from a day low at $21.06 to a day high of $21.96. The price has been going up and down for this period, and there has been a 9.18% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -324 thousand shares and in total, 247 thousand shares were bought and sold for approximately $5.32 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $21.57 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Deluxe Corporation stock with a 90% probability to be traded between $18.95 and $21.83 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DLX Signals & Forecast
The Deluxe Corporation 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 $20.49 and $19.99. 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 Thursday, May 02, 2024, and so far it has fallen -0.232%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Deluxe Corporation stock
Deluxe Corporation finds support from accumulated volume at $20.77 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 $0.90 between high and low, or 4.27%. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: $20.73 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DLX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Deluxe Corporation to open at $21.51, and during the day (based on 14 day Average True Range), to move between $20.87 and $22.17, which gives a possible trading interval of +/-$0.649 (+/-3.01%) up or down from last closing price. If Deluxe Corporation takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.57 (0.23%) than the support at $20.77 (3.49%), 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 Deluxe Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Deluxe Corporation stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.994 Buy Candidate Downgraded
Predicted Opening Price for Deluxe Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $21.51 ( 0.0310%) | $21.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.41 | 4.15 % | |
| R2 | 22.07 | 2.55 % | ||
| R1 | 21.86 | 1.57 % | ||
| Current price: | 21.52 | |||
| Support | S1 | 21.17 | -1.63 % | |
| S2 | 20.96 | -2.62 % | ||
| S3 | 20.61 | -4.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 21.57 | 0.232 % | ||
| Current price | 21.52 | |||
| Support | S1 | 20.77 | -3.49% | |
| S2 | 20.49 | -4.79% | ||
| S3 | 19.55 | -9.15% |
DLX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | Jun 03, 2024 | $0.300 | 1.39% |
| 2 | Feb 16, 2024 | Feb 16, 2024 | Mar 04, 2024 | $0.300 | 1.57% |
| 3 | Nov 02, 2023 | Nov 17, 2023 | Dec 04, 2023 | $0.300 | 1.56% |
| 4 | Aug 03, 2023 | Aug 18, 2023 | Sep 05, 2023 | $0.300 | 1.54% |
| 5 | May 04, 2023 | May 19, 2023 | Jun 05, 2023 | $0.300 | 1.86% |
FAQ
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