Dole PLC Stock Forecast
Dole PLC stock price up 0.82% on Thursday
(Updated on May 02, 2024)
The Dole PLC stock price gained 0.82% on the last trading day (Thursday, 2nd May 2024), rising from $12.18 to $12.28. During the last trading day the stock fluctuated 1.19% from a day low at $12.18 to a day high of $12.33. The price has risen in 7 of the last 10 days and is up by 3.37% 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, 67 thousand more shares were traded than the day before. In total, 413 thousand shares were bought and sold for approximately $5.07 million.
The stock lies in the upper part of a strong rising 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 $12.40 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.84% during the next 3 months and, with a 90% probability hold a price between $13.04 and $13.74 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. 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 $12.24 and $11.90. 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). 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.486%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Dole PLC stock
Dole PLC finds support from accumulated volume at $11.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.145 (1.19%) between high and low. For the last week, the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: $11.82 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (DOLE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Dole PLC to open at $12.26, and during the day (based on 14 day Average True Range), to move between $12.08 and $12.48, which gives a possible trading interval of +/-$0.196 (+/-1.59%) up or down from last closing price. If Dole PLC takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.32 (0.33%) than the support at $11.96 (2.61%), 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 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: 3.837 Buy Candidate Unchanged
Predicted Opening Price for Dole PLC of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $12.26 ( 0.149%) | $12.28 |
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 | 12.41 | 1.03 % | |
| R2 | 12.35 | 0.580 % | ||
| R1 | 12.32 | 0.302 % | ||
| Current price: | 12.28 | |||
| Support | S1 | 12.21 | -0.600 % | |
| S2 | 12.17 | -0.88 % | ||
| S3 | 12.12 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 12.34 | 0.489 % | ||
| R1 | 12.32 | 0.326 % | ||
| Current price | 12.28 | |||
| Support | S1 | 11.96 | -2.61% | |
| S2 | 11.93 | -2.85% | ||
| S3 | 11.81 | -3.83% |
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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