Dividend Select 15 Corp. Stock Forecast

Dividend Select 15 Corp. stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)

DS.TO Signals & Forecast

There are mixed signals in the stock today. The Dividend Select 15 Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.21. On a fall, the stock will find some support from the short-term average at $6.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Dividend Select 15 Corp. stock

Dividend Select 15 Corp. finds support from accumulated volume at $6.17 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0200 between high and low, or 0.325%. For the last week the stock has had daily average volatility of 0.95%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DS.TO) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Dividend Select 15 Corp. to open at $6.17, and during the day (based on 14 day Average True Range), to move between $6.11 and $6.25, which gives a possible trading interval of +/-$0.0666 (+/-1.08%) up or down from last closing price. If Dividend Select 15 Corp. takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.17 (0.16%) than the resistance at $6.19 (0.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dividend Select 15 Corp. stock A Buy?

Dividend Select 15 Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.032 Sell Candidate Upgraded

Predicted Opening Price for Dividend Select 15 Corp. of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.