Diana Shipping Stock Forecast
Diana Shipping stock price down 0.345% on Thursday
(Updated on Apr 18, 2024)
The Diana Shipping stock price fell by -0.345% on the last day (Thursday, 18th Apr 2024) from $2.90 to $2.89. During the last trading day the stock fluctuated 1.91% from a day low at $2.88 to a day high of $2.94. The price has fallen in 6 of the last 10 days and is down by -1.37% for this period. Volume has increased on the last day by 288 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, 618 thousand shares were bought and sold for approximately $1.79 million.
The stock lies in the middle of a 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 -3.35% during the next 3 months and, with a 90% probability hold a price between $2.68 and $2.94 at the end of this 3-month period.
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DSX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 2.12%. 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. The Diana Shipping 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 $2.94. On a fall, the stock will find some support from the short-term average at $2.89. 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. 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 Diana Shipping stock
Diana Shipping finds support from accumulated volume at $2.88 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 $0.0550 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Diana Shipping inc to open at $2.90, and during the day (based on 14 day Average True Range), to move between $2.83 and $2.95, which gives a possible trading interval of +/-$0.0585 (+/-2.02%) up or down from last closing price. If Diana Shipping inc takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.90 (0.35%) than the support at $2.88 (0.35%), 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 Diana Shipping inc stock A Buy?
Diana Shipping 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: -2.596 Sell Candidate Unchanged
Predicted Opening Price for Diana Shipping inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.90 ( 0.404%) | $2.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.96 | 2.31 % | |
| R2 | 2.94 | 1.58 % | ||
| R1 | 2.92 | 1.13 % | ||
| Current price: | 2.89 | |||
| Support | S1 | 2.88 | -0.323 % | |
| S2 | 2.87 | -0.772 % | ||
| S3 | 2.85 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.10 | 7.27 % | |
| R2 | 3.04 | 5.19 % | ||
| R1 | 2.90 | 0.346 % | ||
| Current price | 2.89 | |||
| Support | S1 | 2.88 | -0.346% | |
| S2 | 2.87 | -0.692% | ||
| S3 | 2.85 | -1.38% |
DSX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 04, 2024 | Mar 12, 2024 | $0.0750 | 2.44% |
| 2 | Nov 24, 2023 | Nov 24, 2023 | Dec 04, 2023 | $0.150 | 4.32% |
| 3 | Aug 01, 2023 | Aug 11, 2023 | Sep 08, 2023 | $0.150 | 4.21% |
| 4 | May 26, 2023 | Jun 09, 2023 | Jul 10, 2023 | $0.150 | 3.97% |
| 5 | Feb 22, 2023 | Mar 10, 2023 | Jul 10, 2023 | $0.150 | 3.97% |
FAQ
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