Duff & Phelps Utilities Income Inc Stock Forecast
Green day on Tuesday for Duff & Phelps Utilities Income Inc stock after gaining 0.113%
(Updated on Apr 23, 2024)
The Duff & Phelps Utilities Income Inc stock price gained 0.113% on the last trading day (Tuesday, 23rd Apr 2024), rising from $8.82 to $8.83. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.48% from a day low at $8.80 to a day high of $8.93. The price has been going up and down for this period, and there has been a -1.78% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 169 thousand more shares were traded than the day before. In total, 647 thousand shares were bought and sold for approximately $5.71 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Duff & Phelps Utilities Income Inc stock with a 90% probability to be traded between $8.87 and $9.37 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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DNP Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.49%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Duff & Phelps Utilities Income Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.93. On a fall, the stock will find some support from the short-term average at $8.77. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Monday, March 11, 2024 and based on theory for this formation the price should fall by -1.99% to $8.65 within 26 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Duff & Phelps Utilities Income Inc stock
Duff & Phelps Utilities Income Inc finds support from accumulated volume at $8.82 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.130 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: $8.31 (-5.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (DNP) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Duff & Phelps Utilities Income Inc to open at $8.85, and during the day (based on 14 day Average True Range), to move between $8.74 and $8.92, which gives a possible trading interval of +/-$0.0930 (+/-1.05%) up or down from last closing price. If Duff & Phelps Utilities Income Inc takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.84 (0.11%) than the support at $8.82 (0.11%), 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 Duff & Phelps Utilities Income Inc stock A Buy?
Duff & Phelps Utilities Income Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.691 Hold/Accumulate Unchanged
Predicted Opening Price for Duff & Phelps Utilities Income Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $8.85 ( 0.264%) | $8.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.98 | 1.74 % | |
| R2 | 8.93 | 1.17 % | ||
| R1 | 8.90 | 0.83 % | ||
| Current price: | 8.83 | |||
| Support | S1 | 8.80 | -0.298 % | |
| S2 | 8.77 | -0.646 % | ||
| S3 | 8.72 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.98 | 1.70 % | |
| R2 | 8.92 | 1.02 % | ||
| R1 | 8.84 | 0.113 % | ||
| Current price | 8.83 | |||
| Support | S1 | 8.82 | -0.113% | |
| S2 | 8.78 | -0.566% | ||
| S3 | 8.72 | -1.25% |
DNP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 10, 2024 | $0.0650 | 0.736% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 10, 2024 | $0.0650 | 0.736% |
| 3 | Mar 15, 2024 | Apr 29, 2024 | May 10, 2024 | $0.0650 | 0.736% |
| 4 | Dec 14, 2023 | Mar 27, 2024 | Apr 10, 2024 | $0.0650 | 0.724% |
| 5 | Dec 14, 2023 | Feb 28, 2024 | Mar 11, 2024 | $0.0650 | 0.715% |
FAQ
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