Daimler Truck Holding AG Stock Forecast

Daimler Truck Holding AG stock price down 1.70% on Thursday
(Updated on Apr 25, 2024)

DTRUY Signals & Forecast

There are few to no technical positive signals at the moment. The Daimler Truck Holding AG 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 $23.17 and $24.56. 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 19, 2024, and so far it has fallen -12.53%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Daimler Truck Holding AG stock

On the downside, the stock finds support just below today's level from accumulated volume at $20.18 and $18.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Daimler Truck Holding AG finds support just below today's level at $20.18. If this is broken, then the next support from accumulated volume will be at $18.27 and $18.10.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.243 between high and low, or 1.09%. For the last week the stock has had daily average volatility of 1.28%.

Daimler Truck Holding AG is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DTRUY) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Daimler Truck Holding AG to open at $22.53, and during the day (based on 14 day Average True Range), to move between $22.15 and $23.07, which gives a possible trading interval of +/-$0.465 (+/-2.06%) up or down from last closing price. If Daimler Truck Holding AG takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.18 (2.50%) than the support at $20.18 (10.75%), 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 Daimler Truck Holding AG stock A Buy?

The Daimler Truck Holding AG stock holds several negative signals and despite the positive trend, we believe Daimler Truck Holding AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.340 Sell Candidate Unchanged

Predicted Opening Price for Daimler Truck Holding AG of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.