Domino's Pizza Inc Stock Forecast
Green day on Friday for Domino's Pizza Inc
(Updated on May 03, 2024)
The Domino's Pizza Inc stock price gained 0.318% on the last trading day (Friday, 3rd May 2024), rising from $512.70 to $514.33. During the last trading day the stock fluctuated 1.95% from a day low at $509.08 to a day high of $518.99. The price has risen in 7 of the last 10 days and is up by 8.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 572 thousand shares were bought and sold for approximately $294.17 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.70% during the next 3 months and, with a 90% probability hold a price between $595.86 and $655.28 at the end of this 3-month period.
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DPZ Signals & Forecast
The Domino's Pizza 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 $513.38 and $487.37. 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). Volume is rising along with the price. This is considered to be a good technical 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, April 30, 2024, and so far it has fallen -2.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Domino's Pizza Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $483.00 and $459.00. 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, Domino's Pizza Inc finds support just below today's level at $483.00. If this is broken, then the next support from accumulated volume will be at $459.00 and $446.27.
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 $9.91 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: $490.26 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (DPZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Domino's Pizza Inc to open at $514.13, and during the day (based on 14 day Average True Range), to move between $501.59 and $527.07, which gives a possible trading interval of +/-$12.74 (+/-2.48%) 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 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $516.42 (0.41%) than the support at $483.00 (6.09%), 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 Domino's Pizza Inc 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 Domino's Pizza Inc stock to perform well in the short-term.
Current score: 2.953 Buy Candidate Unchanged
Predicted Opening Price for Domino's Pizza Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$514.13 ( 0.0382%) | $514.33 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 524.04 | 1.89 % | |
R2 | 520.26 | 1.15 % | ||
R1 | 517.92 | 0.698 % | ||
Current price: | 514.33 | |||
Support | S1 | 510.35 | -0.774 % | |
S2 | 508.01 | -1.23 % | ||
S3 | 504.22 | -1.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 529.27 | 2.90 % | |
R2 | 527.13 | 2.49 % | ||
R1 | 516.42 | 0.406 % | ||
Current price | 514.33 | |||
Support | S1 | 483.00 | -6.09% | |
S2 | 459.00 | -10.76% | ||
S3 | 446.27 | -13.23% |
DPZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | Jun 14, 2024 | Jun 28, 2024 | $1.51 | 0.294% |
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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