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Dorman Products Stock Forecast NASDAQ:DORM

$112.67 (-0.78%)

Volume: 61k

Closed: Dec 03, 2021

Hollow Logo Score: 2.771

Dorman Products Stock Forecast

$112.67 (-0.78%)

Volume: 61k

Closed: Dec 03, 2021

Score Hollow Logo 2.771
Which way will DORM go? Request
Stop-loss: $105.68 (-6.20%)
Key Stats
P/E Ratio 26.71
Beta 0.79
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 40 and the stock is currently not being overbought or oversold

Red day on Friday for Dorman Products stock after losing 0.78%
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-10-26 Gain 12.02%

The Dorman Products stock price fell by -0.78% on the last day (Friday, 3rd Dec 2021) from $113.56 to $112.67. During the day the stock fluctuated 2.03% from a day low at $112.05 to a day high of $114.33. The price has been going up and down for this period, and there has been a -6.48% loss for the last 2 weeks. 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 -67 thousand shares and in total, 61 thousand shares were bought and sold for approximately $6.85 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $112.45 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 31.77% during the next 3 months and, with a 90% probability hold a price between $148.18 and $166.19 at the end of this 3-month period.

Signals & Forecast

The Dorman Products 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 $114.06. On a fall, the stock will find some support from the long-term average at approximately $111.14. 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. 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 Tuesday, November 23, 2021, and so far it has fallen -8.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $99.91 and $98.63. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dorman Products finds support just below today's level at $99.91. If this is broken, then the next support from accumulated volume will be at $98.63 and $93.28.

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 $2.28 between high and low, or 2.03%. For the last week, the stock has had a daily average volatility of 2.96%.

Our recommended stop-loss: $105.68 (-6.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Is Dorman Products 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 Dorman Products stock to perform well in the short-term.

Current score: 2.771

Predicted Opening Price for Dorman Products of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$113.02 $112.67 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

Stephens does not see either upside or downside right now giving DORM "Equal Weight" on their last update on Apr 28, 2020. The price target was changed from $57.00 to $60.00.

Volatility and Risk
Daily Average Volatility: 2.96 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.96 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $113.56
Price: $112.67
Support: $99.91

DORM Insider Trading Show all Trades

INSIDER POWER

0.919

Last 100 transactions
Buy: 203 560 | Sell: 221 501 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Sell 8 300 Berman Steven L Common Stock
Nov 30, 2021 Buy 2 892 Berman Steven L Common Stock
Nov 30, 2021 Sell 2 892 Berman Steven L Common Stock
Nov 08, 2021 Sell 216 Olsen Kevin M. Employee Stock Option (right to buy)
Nov 08, 2021 Sell 183 Olsen Kevin M. Common Stock
Show all Insider Trades
INSIDER POWER

0.919

Last 100 transactions
Buy: 203 560 | Sell: 221 501 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 115.30 2.33 %
114.43 1.56 %
113.89 1.08 %
Current price: 112.67
Support 112.15 -0.47 %
111.61 -0.94 %
110.74 -1.72 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 114.21 1.37 %
114.06 1.23 %
113.56 0.79 %
Current price 112.67
Support 99.91 -11.33%
98.63 -12.46%
93.28 -17.21%

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About Dorman Products

Dorman Products Dorman Products, Inc. supplies automotive replacement parts, automotive hardware, brake products, and household hardware to the automotive aftermarket and mass merchandise markets in the United States, Europe, Mexico, the Middle East, Asia, and Canada. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coole... Read more

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