DSV A/S Stock Forecast
Red day on Wednesday for DSV A/S
(Updated on May 22, 2024)
The DSV A/S stock price fell by -0.144% on the last day (Wednesday, 22nd May 2024) from kr1,045.00 to kr1,043.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.19% from a day low at kr1,027.50 to a day high of kr1,050.00. The price has risen in 7 of the last 10 days and is up by 6.18% 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 -178 thousand shares and in total, 205 thousand shares were bought and sold for approximately kr214.21 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 -6.09% during the next 3 months and, with a 90% probability hold a price between kr909.17 and kr1,055.87 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DSV.CO Signals & Forecast
There are mixed signals in the stock today. The DSV A/S 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 kr1,050.71 and kr1,070.19. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 6.24%. 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).
Support, Risk & Stop-loss for DSV A/S stock
DSV A/S finds support from accumulated volume at kr1,039.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr22.50 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSV.CO) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect DSV A/S to open at kr1,040.33, and during the day (based on 14 day Average True Range), to move between kr1,019.85 and kr1,067.15, which gives a possible trading interval of +/-kr23.65 (+/-2.27%) up or down from last closing price. If DSV A/S takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr1,039.00 (0.43%) than the resistance at kr1,070.00 (2.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DSV A/S stock A Buy?
DSV A/S 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.
Current score: -1.382 Sell Candidate Unchanged
Predicted Opening Price for DSV A/S of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| kr1,040.33 ( 0.303%) | kr1,043.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSV.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,062.83 | 1.85 % | |
| R2 | 1,054.24 | 1.03 % | ||
| R1 | 1,048.93 | 0.520 % | ||
| Current price: | 1,043.50 | |||
| Support | S1 | 1,031.74 | -1.13 % | |
| S2 | 1,026.43 | -1.64 % | ||
| S3 | 1,017.83 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,106.00 | 5.99 % | |
| R2 | 1,095.00 | 4.94 % | ||
| R1 | 1,070.00 | 2.54 % | ||
| Current price | 1,043.50 | |||
| Support | S1 | 1,039.00 | -0.431% | |
| S2 | 1,019.50 | -2.30% | ||
| S3 | 988.00 | -5.32% |
DSV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 19, 2024 | kr7.00 | 0.666% |
| 2 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | kr6.50 | 0.521% |
| 3 | Mar 18, 2022 | Mar 18, 2022 | Mar 18, 2022 | kr5.50 | 0.407% |
| 4 | Mar 16, 2021 | Mar 16, 2021 | Mar 16, 2021 | kr4.00 | 0.341% |
| 5 | Feb 16, 2021 | Feb 16, 2021 | Feb 16, 2021 | kr4.00 | 0.353% |
FAQ
Click here for our free guide on how to buy DSV A/S Stock.
