Douglas Elliman Inc. Stock Forecast
Weaker technical forecast for Douglas Elliman Inc. as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The Douglas Elliman Inc. stock price fell by -0.85% on the last day (Friday, 28th Jun 2024) from $1.17 to $1.16. During the last trading day the stock fluctuated 9.77% from a day low at $1.08 to a day high of $1.18. The price has risen in 6 of the last 10 days and is up by 5.45% over the past 2 weeks. Volume has increased on the last day by 714 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $1.90 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $1.17 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Douglas Elliman Inc. stock with a 90% probability to be traded between $1.02 and $1.15 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DOUG Signals & Forecast
The Douglas Elliman Inc. 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 $1.14 and $1.12. 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). 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 Thursday, June 27, 2024, and so far it has fallen -0.85%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Douglas Elliman Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.10 and $1.08. There is a 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, Douglas Elliman Inc. finds support just below today's level at $1.10. If this is broken, then the next support from accumulated volume will be at $1.08 and $1.06.
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 $0.105 between high and low, or 9.77%. For the last week, the stock has had daily average volatility of 6.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOUG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Douglas Elliman Inc. to open at $1.14, and during the day (based on 14 day Average True Range), to move between $1.08 and $1.24, which gives a possible trading interval of +/-$0.0757 (+/-6.53%) up or down from last closing price. If Douglas Elliman Inc. takes out the full calculated possible swing range there will be an estimated 13.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.17 (0.86%) than the support at $1.10 (5.17%), 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 Douglas Elliman Inc. stock A Buy?
Douglas Elliman Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.410 Sell Candidate Downgraded
Predicted Opening Price for Douglas Elliman Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.14 ( 1.87%) | $1.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOUG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.24 | 7.18% |
| R2 | 1.20 | 3.73% |
| R1 | 1.18 | 1.59% |
| Price | 1.16 | |
| S1 | 1.10 | -5.33% |
| S2 | 1.07 | -7.46% |
| S3 | 1.03 | -10.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.19 | 2.59% |
| R2 | 1.18 | 1.72% |
| R1 | 1.17 | 0.86% |
| Price | 1.16 | |
| S1 | 1.10 | -5.17% |
| S2 | 1.08 | -6.90% |
| S3 | 1.06 | -8.62% |
DOUG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2023 | Mar 22, 2023 | Mar 31, 2023 | $0.0476 | 1.61% |
| 2 | Nov 30, 2022 | Dec 09, 2022 | Dec 22, 2022 | $0.0476 | 1.26% |
| 3 | Sep 02, 2022 | Sep 14, 2022 | Sep 29, 2022 | $0.0476 | 1.22% |
| 4 | Jun 02, 2022 | Jun 16, 2022 | Jun 29, 2022 | $0.0476 | 1.06% |
| 5 | Mar 10, 2022 | Mar 21, 2022 | Mar 30, 2022 | $0.0476 | 0.684% |
FAQ
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