Duff & Phelps Utilities Tax-Free Income Stock Forecast
Duff & Phelps Utilities Tax-Free Income stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Duff & Phelps Utilities Tax-Free Income stock price gained 0.280% on the last trading day (Friday, 26th Apr 2024), rising from $10.72 to $10.75. During the last trading day the stock fluctuated 0.746% from a day low at $10.72 to a day high of $10.80. The price has risen in 6 of the last 10 days and is up by 0.47% 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, 1 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $83.34 thousand.
The stock lies in the middle of a narrow 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 -2.18% during the next 3 months and, with a 90% probability hold a price between $10.32 and $10.61 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DTF Signals & Forecast
The Duff & Phelps Utilities Tax-Free Income stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $10.71 and $10.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.03%. 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). Duff & Phelps Utilities Tax-Free Income has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 28, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 28, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 28, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 0.470% to $10.80 within 23 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Duff & Phelps Utilities Tax-Free Income stock
Duff & Phelps Utilities Tax-Free Income finds support from accumulated volume at $10.74 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 $0.0800 between high and low, or 0.746%. For the last week the stock has had daily average volatility of 0.670%.
Our recommended stop-loss: $10.13 (-5.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (DTF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Duff & Phelps Utilities Tax-Free Income Inc to open at $10.76, and during the day (based on 14 day Average True Range), to move between $10.68 and $10.82, which gives a possible trading interval of +/-$0.0651 (+/-0.61%) up or down from last closing price. If Duff & Phelps Utilities Tax-Free Income Inc takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.74 (0.09%) than the resistance at $10.77 (0.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Duff & Phelps Utilities Tax-Free Income Inc stock A Buy?
Duff & Phelps Utilities Tax-Free Income holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.215 Hold/Accumulate Upgraded
Predicted Opening Price for Duff & Phelps Utilities Tax-Free Income Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $10.76 ( 0.0620%) | $10.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.84 | 0.81 % | |
| R2 | 10.81 | 0.522 % | ||
| R1 | 10.79 | 0.346 % | ||
| Current price: | 10.75 | |||
| Support | S1 | 10.73 | -0.222 % | |
| S2 | 10.71 | -0.398 % | ||
| S3 | 10.68 | -0.682 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.94 | 1.77 % | |
| R2 | 10.85 | 0.93 % | ||
| R1 | 10.77 | 0.186 % | ||
| Current price | 10.75 | |||
| Support | S1 | 10.74 | -0.0930% | |
| S2 | 10.71 | -0.372% | ||
| S3 | 10.67 | -0.744% |
DTF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.0325 | 0.303% |
| 2 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.0325 | 0.303% |
| 3 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0325 | 0.303% |
| 4 | Dec 19, 2023 | Mar 14, 2024 | Mar 28, 2024 | $0.0325 | 0.302% |
| 5 | Dec 14, 2023 | Feb 14, 2024 | Feb 29, 2024 | $0.0325 | 0.300% |
FAQ
Click here for our free guide on how to buy Duff & Phelps Utilities Tax-Free Income Inc Stock.
