DAI NIPPON PRTG SPON Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
DAI NIPPON PRTG SPON stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The DAI NIPPON PRTG SPON stock price fell by -1.15% on the last day (Tuesday, 30th Apr 2024) from $14.72 to $14.55. During the last trading day the stock fluctuated 1.03% from a day low at $14.53 to a day high of $14.68. The price has fallen in 6 of the last 10 days and is down by -0.55% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $34.93 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DAI NIPPON PRTG SPON stock with a 90% probability to be traded between $14.29 and $15.90 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DNPLY Signals & Forecast
There are mixed signals in the stock today. The DAI NIPPON PRTG SPON 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 $14.56 and $14.93. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 Thursday, April 25, 2024, and so far it has risen 0.762%. 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 DAI NIPPON PRTG SPON stock
DAI NIPPON PRTG SPON finds support from accumulated volume at $14.45 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 $0.150 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 0.600%
Our recommended stop-loss: $13.69 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (DNPLY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect DAI NIPPON PRTG SPON to open at $14.59, and during the day (based on 14 day Average True Range), to move between $14.34 and $14.76, which gives a possible trading interval of +/-$0.209 (+/-1.44%) up or down from last closing price. If DAI NIPPON PRTG SPON takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.57 (0.14%) than the support at $14.45 (0.69%), 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 DAI NIPPON PRTG SPON stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for DAI NIPPON PRTG SPON stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.112 Buy Candidate Upgraded
Predicted Opening Price for DAI NIPPON PRTG SPON of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $14.59 ( 0.252%) | $14.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNPLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.74 | 1.28 % | |
| R2 | 14.68 | 0.89 % | ||
| R1 | 14.64 | 0.646 % | ||
| Current price: | 14.55 | |||
| Support | S1 | 14.53 | -0.142 % | |
| S2 | 14.49 | -0.385 % | ||
| S3 | 14.44 | -0.779 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.63 | 7.42 % | |
| R2 | 15.14 | 4.05 % | ||
| R1 | 14.57 | 0.137 % | ||
| Current price | 14.55 | |||
| Support | S1 | 14.45 | -0.687% | |
| S2 | 14.44 | -0.756% | ||
| S3 | 13.99 | -3.88% |
DNPLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | $0.0749 | 0.527% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 10, 2023 | $0.0784 | 0.559% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 19, 2022 | $0.0831 | 0.83% |
| 4 | Sep 27, 2006 | Sep 27, 2006 | Sep 27, 2006 | $0.120 | 0.775% |
| 5 | Mar 28, 2006 | Mar 28, 2006 | Mar 28, 2006 | $0.102 | 0.566% |
FAQ
Click here for our free guide on how to buy DAI NIPPON PRTG SPON Stock.
