Data#3 Limited Stock Forecast
Green day on Friday for Data#3 Limited stock after gaining 0.658%
(Updated on May 03, 2024)
The Data#3 Limited stock price gained 0.658% on the last trading day (Friday, 3rd May 2024), rising from $7.60 to $7.65. During the last trading day the stock fluctuated 1.59% from a day low at $7.56 to a day high of $7.68. The price has fallen in 6 of the last 10 days and is down by -3.89% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 216 thousand shares were bought and sold for approximately $1.65 million.
The stock lies in the middle of a very 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 -14.43% during the next 3 months and, with a 90% probability hold a price between $5.56 and $6.97 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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DTL.AX Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Data#3 Limited 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 $7.66 and $8.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -14.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Data#3 Limited stock
Data#3 Limited finds support from accumulated volume at $7.60 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 $0.120 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DTL.AX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Data#3 Limited to open at $7.63, and during the day (based on 14 day Average True Range), to move between $7.47 and $7.83, which gives a possible trading interval of +/-$0.185 (+/-2.41%) up or down from last closing price. If Data#3 Limited takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.69 (0.52%) than the support at $7.60 (0.65%), 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 Data#3 Limited stock A Buy?
Data#3 Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.371 Sell Candidate Unchanged
Predicted Opening Price for Data#3 Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $7.63 ( 0.261%) | $7.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.75 | 1.31 % | |
| R2 | 7.70 | 0.708 % | ||
| R1 | 7.68 | 0.338 % | ||
| Current price: | 7.65 | |||
| Support | S1 | 7.58 | -0.86 % | |
| S2 | 7.56 | -1.23 % | ||
| S3 | 7.51 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.50 | 11.11 % | |
| R2 | 7.76 | 1.44 % | ||
| R1 | 7.69 | 0.523 % | ||
| Current price | 7.65 | |||
| Support | S1 | 7.60 | -0.654% | |
| S2 | 7.58 | -0.92% | ||
| S3 | 0 | . |
DTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.126 | 1.52% |
| 2 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | $0.100 | 1.39% |
| 3 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | $0.107 | 1.69% |
| 4 | Mar 16, 2022 | Mar 16, 2022 | Mar 16, 2022 | $0.0725 | 1.27% |
| 5 | Sep 15, 2021 | Sep 15, 2021 | Sep 15, 2021 | $0.0950 | 1.87% |
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