RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DNNGY
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Weaker technical forecast for Ørsted A/S as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Ørsted A/S stock price fell by -0.348% on the last day (Thursday, 28th Mar 2024) from $18.70 to $18.64. During the last trading day the stock fluctuated 1.03% from a day low at $18.51 to a day high of $18.70. The price has been going up and down for this period, and there has been a 9.3% gain for the last 2 weeks. Volume has increased on the last day by 34 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 98 thousand shares were bought and sold for approximately $1.83 million.

The stock lies the upper part of a wide and falling 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 $18.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.76% during the next 3 months and, with a 90% probability hold a price between $16.09 and $17.99 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

DNNGY Signals & Forecast

The Ørsted A/S 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 $18.25 and $18.23. 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, March 27, 2024, and so far it has fallen -0.348%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Ørsted A/S stock

Ørsted A/S finds support from accumulated volume at $18.59 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 $0.190 between high and low, or 1.03%. For the last week, the stock has had daily average volatility of 1.09%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DNNGY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ørsted A/S to open at $18.62, and during the day (based on 14 day Average True Range), to move between $18.21 and $19.06, which gives a possible trading interval of +/-$0.429 (+/-2.30%) up or down from last closing price. If Ørsted A/S takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.59 (0.24%) than the resistance at $18.70 (0.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ørsted A/S stock A Buy?

Ørsted A/S 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: -1.169 Sell Candidate Downgraded

Predicted Opening Price for Ørsted A/S of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$18.62 ( 0.107%) $18.64

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DNNGY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.81 0.91 %
R2 18.73 0.523 %
R1 18.69 0.282 %
Current price: 18.64
Support S1 18.54 -0.497 %
S2 18.50 -0.737 %
S3 18.43 -1.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.98 1.85 %
R2 18.96 1.74 %
R1 18.70 0.349 %
Current price 18.64
Support S1 18.59 -0.241%
S2 18.43 -1.10%
S3 17.92 -3.84%

DNNGY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 28, 2023 Mar 08, 2023 Mar 24, 2023 $0.656 2.49%
2 Apr 11, 2022 Apr 11, 2022 Apr 11, 2022 $0.606 1.51%
3 Mar 02, 2021 Mar 02, 2021 Mar 02, 2021 $0.623 1.19%
4 Mar 03, 2020 Mar 03, 2020 Mar 03, 2020 $0.517 1.43%
5 Mar 06, 2019 Mar 06, 2019 Mar 06, 2019 $0.492 1.98%

FAQ

What is the symbol for Ørsted A/S Stock and on which exchange is it traded?
The symbol for Ørsted A/S is DNNGY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Ørsted A/S Stock?
Ørsted A/S 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.

How to buy Ørsted A/S Stock?
Ørsted A/S Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ørsted A/S Stock.

What's the current price of Ørsted A/S Stock?
As of the end of day on the 2024-03-28, the price of an Ørsted A/S (DNNGY) share was $18.64.

What is the 52-week high and low for Ørsted A/S Stock?
The 52-week high for Ørsted A/S Stock is $33.12 and the 52-week low is $11.72.

What is the market capitalization of Ørsted A/S Stock?
As of the 2024-03-28, the market capitalization of Ørsted A/S is 23.493B.
Click to get the best stock tips daily for free!

About Ørsted A/S

Ørsted A/S Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. It operates through Offshore, Onshore, and Markets & Bioenergy segments. The Offshore segment develops, constructs, owns, and operates offshore wind farms in the United Kingdom, Germany, Denmark, the Netherlands, the United States, Taiwan, Japan, and South Korea. The O... DNNGY Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT