Dole PLC Stock Forecast
Green day on Friday for Dole PLC
(Updated on Apr 19, 2024)
The Dole PLC stock price gained 1.94% on the last trading day (Friday, 19th Apr 2024), rising from $11.88 to $12.11. It has now gained 3 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 2.54% from a day low at $11.82 to a day high of $12.12. The price has risen in 6 of the last 10 days and is up by 3.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 397 thousand shares were bought and sold for approximately $4.81 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.15% during the next 3 months and, with a 90% probability hold a price between $12.00 and $13.09 at the end of this 3-month period.
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DOLE Signals & Forecast
The Dole PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.73 and $11.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 12.44%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dole PLC stock
Dole PLC finds support from accumulated volume at $11.93 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 $0.300 between high and low, or 2.54%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: $11.65 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (DOLE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Dole PLC to open at $12.02, and during the day (based on 14 day Average True Range), to move between $11.90 and $12.32, which gives a possible trading interval of +/-$0.211 (+/-1.74%) up or down from last closing price. If Dole PLC takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.93, some $0.180 (1.49%) from the current price of $12.11, our system finds the risk reward attractive.
Is Dole PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dole PLC stock to perform well in the short-term.
Current score: 3.901 Buy Candidate Unchanged
Predicted Opening Price for Dole PLC of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$12.02 ( 0.771%) | $12.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOLE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.32 | 1.71 % | |
R2 | 12.20 | 0.760 % | ||
R1 | 12.13 | 0.176 % | ||
Current price: | 12.11 | |||
Support | S1 | 11.90 | -1.72 % | |
S2 | 11.83 | -2.30 % | ||
S3 | 11.72 | -3.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 12.11 | |||
Support | S1 | 11.93 | -1.49% | |
S2 | 11.81 | -2.48% | ||
S3 | 11.46 | -5.37% |
DOLE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Mar 20, 2024 | Apr 04, 2024 | $0.0800 | 0.690% |
2 | Nov 15, 2023 | Dec 13, 2023 | Jan 04, 2024 | $0.0800 | 0.641% |
3 | Aug 16, 2023 | Sep 13, 2023 | Oct 05, 2023 | $0.0800 | 0.693% |
4 | May 17, 2023 | Jun 15, 2023 | Jul 06, 2023 | $0.0800 | 0.621% |
5 | Mar 07, 2023 | Mar 30, 2023 | Apr 21, 2023 | $0.0800 | 0.619% |
FAQ
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