Dow Stock Forecast
Dow stock price ended at $56.49 on Thursday, after losing 0.581%.
(Updated on Apr 18, 2024)
The Dow stock price fell by -0.581% on the last day (Thursday, 18th Apr 2024) from $56.82 to $56.49. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 2.25% from a day low at $56.04 to a day high of $57.30. The price has fallen in 9 of the last 10 days and is down by -5.63% for this period. Volume has increased on the last day by 823 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, 3 million shares were bought and sold for approximately $197.22 million.
Given the current short-term trend, the stock is expected to rise 10.76% during the next 3 months and, with a 90% probability hold a price between $62.57 and $67.61 at the end of this 3-month period.
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DOW Signals & Forecast
There are few to no technical positive signals at the moment. The Dow stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $57.50 and $57.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -5.83%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Dow stock
Dow finds support from accumulated volume at $55.88 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 $1.26 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOW) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Dow Inc. to open at $56.61, and during the day (based on 14 day Average True Range), to move between $55.46 and $57.52, which gives a possible trading interval of +/-$1.03 (+/-1.82%) up or down from last closing price. If Dow Inc. takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.88 (1.08%) than the resistance at $57.32 (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Dow will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.470. We will update the financials statements for Dow, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.32% in the first trading day after earnings release.
Is Dow Inc. stock A Buy?
The Dow stock holds several negative signals and despite the positive trend, we believe Dow will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.942 Sell Candidate Unchanged
Predicted Opening Price for Dow Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $56.61 ( 0.212%) | $56.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.87 | 2.44 % | |
| R2 | 57.39 | 1.59 % | ||
| R1 | 57.09 | 1.06 % | ||
| Current price: | 56.49 | |||
| Support | S1 | 56.13 | -0.640 % | |
| S2 | 55.83 | -1.17 % | ||
| S3 | 55.35 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.97 | 2.62 % | |
| R2 | 57.93 | 2.55 % | ||
| R1 | 57.32 | 1.47 % | ||
| Current price | 56.49 | |||
| Support | S1 | 55.88 | -1.08% | |
| S2 | 54.94 | -2.74% | ||
| S3 | 53.09 | -6.02% |
DOW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | May 31, 2024 | Jun 14, 2024 | $0.700 | 1.24% |
| 2 | Apr 11, 2024 | May 30, 2024 | Jun 14, 2024 | $0.700 | 1.24% |
| 3 | Feb 15, 2024 | Feb 28, 2024 | Mar 08, 2024 | $0.700 | 1.24% |
| 4 | Oct 12, 2023 | Nov 29, 2023 | Dec 08, 2023 | $0.700 | 1.37% |
| 5 | Aug 09, 2023 | Aug 30, 2023 | Sep 08, 2023 | $0.700 | 1.30% |
FAQ
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