Domino's Pizza Inc Stock Forecast
Red day on Tuesday for Domino's Pizza Inc
(Updated on Jul 02, 2024)
The Domino's Pizza Inc stock price fell by -2.52% on the last day (Tuesday, 2nd Jul 2024) from $505.35 to $492.61. During the last trading day the stock fluctuated 2.78% from a day low at $491.07 to a day high of $504.72. The price has fallen in 7 of the last 10 days and is down by -7.43% for this period. Volume has increased on the last day by 58 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, 434 thousand shares were bought and sold for approximately $213.85 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $497.13. A reaction back to this level may hold a second chance to get out before further falls.
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DPZ Signals & Forecast
There are few to no technical positive signals at the moment. The Domino's Pizza Inc 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 $515.85 and $517.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -7.69%. 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 Domino's Pizza Inc stock
Domino's Pizza Inc finds support from accumulated volume at $487.71 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 $13.65 between high and low, or 2.78%. For the last week the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DPZ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Domino's Pizza Inc to open at $496.13, and during the day (based on 14 day Average True Range), to move between $481.39 and $503.83, which gives a possible trading interval of +/-$11.22 (+/-2.28%) 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 4.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $487.71 (0.99%) than the resistance at $499.07 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Domino's Pizza Inc stock A Buy?
The Domino's Pizza Inc stock holds several negative signals and despite the positive trend, we believe Domino's Pizza Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.786 Sell Candidate Unchanged
Predicted Opening Price for Domino's Pizza Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $496.13 ( 0.715%) | $492.61 |
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 | 509.78 | 3.49% |
| R2 | 504.57 | 2.43% |
| R1 | 501.35 | 1.77% |
| Price | 492.61 | |
| S1 | 490.92 | -0.343% |
| S2 | 487.70 | -1.00% |
| S3 | 482.48 | -2.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 529.27 | 7.44% |
| R2 | 527.13 | 7.01% |
| R1 | 499.07 | 1.31% |
| Price | 492.61 | |
| S1 | 487.71 | -0.99% |
| S2 | 482.86 | -1.98% |
| S3 | 481.16 | -2.32% |
DPZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 14, 2024 | Jun 28, 2024 | $1.51 | 0.292% |
| 2 | Feb 21, 2024 | Mar 14, 2024 | Mar 29, 2024 | $1.51 | 0.304% |
| 3 | Oct 10, 2023 | Dec 14, 2023 | Dec 29, 2023 | $1.21 | 0.294% |
| 4 | Jul 20, 2023 | Sep 14, 2023 | Sep 29, 2023 | $1.21 | 0.319% |
| 5 | Apr 25, 2023 | Jun 14, 2023 | Jun 30, 2023 | $1.21 | 0.359% |
FAQ
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