Doric Nimrod Air Three Ltd. Stock Forecast
Doric Nimrod Air Three Ltd. stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The Doric Nimrod Air Three Ltd. stock price gained 1.40% on the last trading day (Wednesday, 26th Jun 2024), rising from £53.75 to £54.50. During the last trading day the stock fluctuated 1.87% from a day low at £53.50 to a day high of £54.50. The price has fallen in 6 of the last 10 days. Volume fell on the last day by -19 thousand shares and in total, 7 thousand shares were bought and sold for approximately £378.50 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £54.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.25% during the next 3 months and, with a 90% probability hold a price between £53.03 and £56.72 at the end of this 3-month period.
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DNA3.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. The Doric Nimrod Air Three Ltd. 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 £53.88 and £52.84. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Doric Nimrod Air Three Ltd. stock
Doric Nimrod Air Three Ltd. finds support from accumulated volume at £53.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £1.00 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 1.65%
Our recommended stop-loss: £52.64 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (DNA3.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Doric Nimrod Air Three Ltd. to open at £54.17, and during the day (based on 14 day Average True Range), to move between £53.24 and £55.76, which gives a possible trading interval of +/-£1.26 (+/-2.32%) up or down from last closing price. If Doric Nimrod Air Three Ltd. takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £53.00, some £1.50 (2.75%) from the current price of £54.50, our system finds the risk reward attractive.
Is Doric Nimrod Air Three Ltd. 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 Doric Nimrod Air Three Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.158 Buy Candidate Upgraded
Predicted Opening Price for Doric Nimrod Air Three Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £54.17 ( 0.612%) | £54.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNA3.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.17 | 1.22% |
| R2 | 54.78 | 0.522% |
| R1 | 54.55 | 0.0893% |
| Price | 54.50 | |
| S1 | 53.78 | -1.31% |
| S2 | 53.55 | -1.75% |
| S3 | 53.17 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 54.50 | |
| S1 | 53.00 | -2.75% |
| S2 | 52.00 | -4.59% |
| S3 | 51.00 | -6.42% |
DNA3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | £2.06 | 4.04% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Jan 31, 2024 | £0.0206 | 0.0375% |
| 3 | Oct 19, 2023 | Oct 19, 2023 | Oct 19, 2023 | £0.0206 | 0.0382% |
| 4 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £2.06 | 4.58% |
| 5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £2.06 | 4.00% |
FAQ
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