Dye & Durham Ltd. Stock Forecast
Red day on Thursday for Dye & Durham Ltd.
(Updated on May 16, 2024)
No changes to the price of Dye & Durham Ltd. stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 0% from a day low at $13.77 to a day high of $13.77. The price has fallen in 5 of the last 10 days and is down by -6.64% for this period.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $13.79. A reaction back to this level may hold a second chance to get out before further falls.
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DND.TO Signals & Forecast
There are mixed signals in the stock today. The Dye & Durham Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.08 and $15.08. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Dye & Durham Ltd. stock
Dye & Durham Ltd. finds support from accumulated volume at $13.40 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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.80%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DND.TO) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Dye & Durham Ltd. to open at $13.77, and during the day (based on 14 day Average True Range), to move between $13.27 and $14.27, which gives a possible trading interval of +/-$0.501 (+/-3.64%) up or down from last closing price. If Dye & Durham Ltd. takes out the full calculated possible swing range there will be an estimated 7.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.40 (2.69%) than the resistance at $14.23 (3.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dye & Durham Ltd. stock A Buy?
Dye & Durham Ltd. 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.
Current score: -2.624 Sell Candidate Unchanged
Predicted Opening Price for Dye & Durham Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $13.77 ( 0.00000000%) | $13.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DND.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.77 | 0.00000000 % | |
| R2 | 13.77 | 0.00000000 % | ||
| R1 | 13.77 | 0.00000000 % | ||
| Current price: | 13.77 | |||
| Support | S1 | 13.77 | 0.00000000 % | |
| S2 | 13.77 | 0.00000000 % | ||
| S3 | 13.77 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.88 | 22.59 % | |
| R2 | 15.07 | 9.44 % | ||
| R1 | 14.23 | 3.34 % | ||
| Current price | 13.77 | |||
| Support | S1 | 13.40 | -2.69% | |
| S2 | 13.17 | -4.36% | ||
| S3 | 12.85 | -6.68% |
DND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Feb 20, 2024 | Feb 28, 2024 | $0.0188 | 0.144% |
| 2 | Oct 30, 2023 | Nov 07, 2023 | Nov 15, 2023 | $0.0190 | 0.155% |
| 3 | Sep 13, 2023 | Sep 19, 2023 | Sep 27, 2023 | $0.0190 | 0.144% |
| 4 | May 10, 2023 | May 16, 2023 | May 24, 2023 | $0.0190 | 0.126% |
| 5 | Feb 10, 2023 | Feb 17, 2023 | Feb 28, 2023 | $0.0190 | 0.0996% |
FAQ
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