Dometic Group AB (publ) Stock Forecast
Dometic Group AB (publ) stock price up 0.94% on Thursday
(Updated on Apr 18, 2024)
The Dometic Group AB (publ) stock price gained 0.94% on the last trading day (Thursday, 18th Apr 2024), rising from kr84.75 to kr85.55. During the last trading day the stock fluctuated 2.64% from a day low at kr83.45 to a day high of kr85.65. The price has fallen in 6 of the last 10 days and is down by -4.41% for this period. Volume fell on the last day by -31 thousand shares and in total, 350 thousand shares were bought and sold for approximately kr29.95 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and 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 5.17% during the next 3 months and, with a 90% probability hold a price between kr82.22 and kr94.88 at the end of this 3-month period.
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DOM.ST Signals & Forecast
The Dometic Group AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr86.10. On a fall, the stock will find some support from the long-term average at approximately kr82.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.24%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Dometic Group AB (publ) stock
Dometic Group AB (publ) finds support from accumulated volume at kr82.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr2.20 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: kr81.23 (-5.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (DOM.ST) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Dometic Group AB (publ) to open at kr84.88, and during the day (based on 14 day Average True Range), to move between kr83.25 and kr87.85, which gives a possible trading interval of +/-kr2.30 (+/-2.68%) up or down from last closing price. If Dometic Group AB (publ) takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr86.20 (0.76%) than the support at kr82.90 (3.10%), 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.
Earnings coming up
Dometic Group AB (publ) will release earnings BMO on Friday, April 19, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.16. We will update the financials statements for Dometic Group AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.49% in the first trading day after earnings release.
Is Dometic Group AB (publ) 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 Dometic Group AB (publ) stock to perform well in the short-term.
Current score: 2.753 Buy Candidate Unchanged
Predicted Opening Price for Dometic Group AB (publ) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| kr84.88 ( 0.779%) | kr85.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOM.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.08 | 1.79 % | |
| R2 | 86.24 | 0.81 % | ||
| R1 | 85.72 | 0.203 % | ||
| Current price: | 85.55 | |||
| Support | S1 | 84.04 | -1.76 % | |
| S2 | 83.52 | -2.37 % | ||
| S3 | 82.68 | -3.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.85 | 2.69 % | |
| R2 | 87.35 | 2.10 % | ||
| R1 | 86.20 | 0.760 % | ||
| Current price | 85.55 | |||
| Support | S1 | 82.90 | -3.10% | |
| S2 | 76.68 | -10.37% | ||
| S3 | 76.10 | -11.05% |
DOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 18, 2024 | kr1.90 | 2.23% |
| 2 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | kr1.30 | 2.07% |
| 3 | Apr 14, 2022 | Apr 14, 2022 | Apr 14, 2022 | kr2.45 | 3.24% |
| 4 | Apr 14, 2021 | Apr 14, 2021 | Apr 14, 2021 | kr2.30 | 1.83% |
| 5 | Apr 08, 2020 | Apr 08, 2020 | Apr 08, 2020 | kr2.20 | 4.58% |
FAQ
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