Diana Shipping Inc. Stock Forecast
Weaker technical forecast for Diana Shipping Inc. as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Diana Shipping Inc. stock price gained 0.581% on the last trading day (Tuesday, 25th Jun 2024), rising from $25.80 to $25.95. During the last trading day the stock fluctuated 0.457% from a day low at $25.83 to a day high of $25.95. The price has been going up and down for this period, and there has been a 0.04% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately $35.97 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $25.96 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.82% during the next 3 months and, with a 90% probability hold a price between $24.95 and $25.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DSX-PB Signals & Forecast
There are mixed signals in the stock today. The Diana Shipping Inc. 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 $26.17. On a fall, the stock will find some support from the short-term average at $25.91. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.777%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Diana Shipping Inc. stock
Diana Shipping Inc. finds support from accumulated volume at $25.92 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 $0.118 between high and low, or 0.457%. For the last week the stock has had daily average volatility of 0.777%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSX-PB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Diana Shipping Inc. to open at $25.91, and during the day (based on 14 day Average True Range), to move between $25.74 and $26.16, which gives a possible trading interval of +/-$0.211 (+/-0.81%) up or down from last closing price. If Diana Shipping Inc. takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.92 (0.10%) than the resistance at $26.04 (0.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Diana Shipping Inc. stock A Buy?
Diana Shipping Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.010 Sell Candidate Downgraded
Predicted Opening Price for Diana Shipping Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $25.91 ( 0.152%) | $25.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSX-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.03 | 0.303% |
| R2 | 25.98 | 0.129% |
| R1 | 25.96 | 0.0221% |
| Price | 25.95 | |
| S1 | 25.87 | -0.325% |
| S2 | 25.84 | -0.433% |
| S3 | 25.79 | -0.606% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.35 | 1.54% |
| R2 | 26.09 | 0.539% |
| R1 | 26.04 | 0.347% |
| Price | 25.95 | |
| S1 | 25.92 | -0.103% |
| S2 | 25.80 | -0.578% |
| S3 | 25.75 | -0.771% |
DSX-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | $0.555 | 2.10% |
| 2 | Jan 11, 2024 | Jan 11, 2024 | Jan 16, 2024 | $0.555 | 2.16% |
| 3 | Oct 12, 2023 | Oct 12, 2023 | Oct 16, 2023 | $0.555 | 2.19% |
| 4 | Jul 13, 2023 | Jul 13, 2023 | Jul 17, 2023 | $0.555 | 2.17% |
| 5 | Apr 13, 2023 | Apr 13, 2023 | Apr 17, 2023 | $0.555 | 2.17% |
FAQ
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