Domino's Pizza Inc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of DPZ
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Domino's Pizza Inc stock upgraded to Buy Candidate
(Updated on Oct 03, 2024)
Buy or Hold candidate since Sep 24, 2024
Loss -1.32%
The Domino's Pizza Inc stock price fell by -0.546% on the last day (Thursday, 3rd Oct 2024) from $423.20 to $420.89. During the last trading day the stock fluctuated 1.53% from a day low at $415.99 to a day high of $422.37. The price has risen in 6 of the last 10 days and is up by 2.23% over the past 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 -63 thousand shares and in total, 347 thousand shares were bought and sold for approximately $145.86 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.20% during the next 3 months and, with a 90% probability hold a price between $351.27 and $404.13 at the end of this 3-month period. 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.
DPZ Signals & Forecast
The Domino's Pizza Inc 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 $427.46. On a fall, the stock will find some support from the long-term average at approximately $419.42. 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 Friday, September 13, 2024, and so far it has risen 4.56%. Further rise is indicated until a new top pivot has been found. 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. 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 for Domino's Pizza Inc stock
Domino's Pizza Inc finds support from accumulated volume at $415.55 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 $6.38 (1.53%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: $399.37 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (DPZ) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Domino's Pizza Inc to open at $419.75, and during the day (based on 14 day Average True Range), to move between $411.01 and $430.77, which gives a possible trading interval of +/-$9.88 (+/-2.35%) up or down from last closing price. If Domino's Pizza Inc takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $422.94 (0.49%) than the support at $415.55 (1.27%), 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
Domino's Pizza Inc will release earnings BMO on Thursday, October 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.68. We will update the financials statements for Domino's Pizza Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.11% in the first trading day after earnings release.
Is Domino's Pizza Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score:
1.061
Buy Candidate
Upgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $419.75 ( 0.271%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for DPZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 426.13 | 1.24% |
| R2 | 423.69 | 0.666% |
| R1 | 422.19 | 0.308% |
| Price | 420.89 | |
| S1 | 417.31 | -0.85% |
| S2 | 415.81 | -1.21% |
| S3 | 413.37 | -1.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 432.84 | 2.84% |
| R2 | 424.73 | 0.91% |
| R1 | 422.94 | 0.487% |
| Price | 420.89 | |
| S1 | 415.55 | -1.27% |
| S2 | 409.04 | -2.82% |
| S3 | 404.17 | -3.97% |
DPZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2024 | Sep 13, 2024 | Sep 30, 2024 | $1.51 | 0.351% |
| 2 | Apr 25, 2024 | Jun 14, 2024 | Jun 28, 2024 | $1.51 | 0.292% |
| 3 | Feb 21, 2024 | Mar 14, 2024 | Mar 29, 2024 | $1.51 | 0.304% |
| 4 | Oct 10, 2023 | Dec 14, 2023 | Dec 29, 2023 | $1.21 | 0.294% |
| 5 | Jul 20, 2023 | Sep 14, 2023 | Sep 29, 2023 | $1.21 | 0.319% |
FAQ
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