Duff & Phelps Utilities Income Inc Stock Forecast
Weaker technical forecast for Duff & Phelps Utilities Income Inc as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
No changes to the price of Duff & Phelps Utilities Income Inc stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0.680% from a day low at $8.82 to a day high of $8.88. The price has risen in 6 of the last 10 days but is still down by -0.23% for this period.
The stock is moving within a narrow and 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 $8.81 and $9.25 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
There are mixed signals in the stock today. 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 $8.94. On a fall, the stock will find some support from the short-term average at $8.82. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. 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.
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 $0.0600 between high and low, or 0.680%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: $8.32 (-5.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (DNP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th 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 $8.75 and $8.93, which gives a possible trading interval of +/-$0.0917 (+/-1.04%) 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 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.82 (0.23%) than the resistance at $8.92 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. 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 Hold/Accumulate candidate.
Current score: -0.900 Hold/Accumulate Downgraded
Predicted Opening Price for Duff & Phelps Utilities Income Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$8.85 ( 0.0754%) | $8.84 |
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 | 8.91 | 0.754 % | |
R2 | 8.88 | 0.495 % | ||
R1 | 8.87 | 0.335 % | ||
Current price: | 8.84 | |||
Support | S1 | 8.82 | -0.184 % | |
S2 | 8.81 | -0.344 % | ||
S3 | 8.79 | -0.603 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.04 | 2.26 % | |
R2 | 8.98 | 1.58 % | ||
R1 | 8.92 | 0.90 % | ||
Current price | 8.84 | |||
Support | S1 | 8.82 | -0.226% | |
S2 | 8.78 | -0.679% | ||
S3 | 8.72 | -1.36% |
DNP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jul 10, 2024 | $0.0650 | 0.735% |
2 | May 31, 2024 | May 31, 2024 | Jun 10, 2024 | $0.0650 | 0.735% |
3 | Mar 15, 2024 | Apr 29, 2024 | May 10, 2024 | $0.0650 | 0.735% |
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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