DUSA Pharmaceuticals Inc ETF Forecast
DUSA Pharmaceuticals Inc ETF price up 0.774% on Thursday
(Updated on Mar 28, 2024)
The DUSA Pharmaceuticals Inc ETF price gained 0.774% on the last trading day (Thursday, 28th Mar 2024), rising from $40.06 to $40.37. During the last trading day the ETF fluctuated 0.547% from a day low at $40.21 to a day high of $40.43. The price has risen in 5 of the last 10 days and is up by 3.43% over the past 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 35 thousand shares were bought and sold for approximately $1.42 million. 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 ETF lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 15.16% during the next 3 months and, with a 90% probability hold a price between $45.13 and $47.15 at the end of this 3-month period.
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DUSA Signals & Forecast
The DUSA Pharmaceuticals Inc ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $39.87 and $38.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.05%. 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. 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 also not.
Support, Risk & Stop-loss for DUSA Pharmaceuticals Inc ETF
DUSA Pharmaceuticals Inc finds support from accumulated volume at $39.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF 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 ETF During the last day, the ETF moved $0.220 between high and low, or 0.547%. For the last week the ETF has had daily average volatility of 0.83%
Our recommended stop-loss: $38.60 (-4.38%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (DUSA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect DUSA Pharmaceuticals Inc to open at $40.34, and during the day (based on 14 day Average True Range), to move between $39.93 and $40.81, which gives a possible trading interval of +/-$0.442 (+/-1.09%) up or down from last closing price. If DUSA Pharmaceuticals Inc takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $39.16, some $1.21 (3.00%) from the current price of $40.37, our system finds the risk reward attractive.
Is DUSA Pharmaceuticals Inc ETF A Buy?
DUSA Pharmaceuticals Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.550 Strong Buy Candidate Unchanged
Predicted Opening Price for DUSA Pharmaceuticals Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$40.34 ( 0.0826%) | $40.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DUSA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.56 | 0.462 % | |
R2 | 40.47 | 0.254 % | ||
R1 | 40.42 | 0.126 % | ||
Current price: | 40.37 | |||
Support | S1 | 40.25 | -0.291 % | |
S2 | 40.20 | -0.419 % | ||
S3 | 40.12 | -0.628 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 40.37 | |||
Support | S1 | 39.16 | -3.00% | |
S2 | 35.26 | -12.66% | ||
S3 | 35.04 | -13.20% |
DUSA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $1.19 | 3.37% |
2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.329 | 1.21% |
3 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.384 | 1.12% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.149 | 0.507% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.290 | 1.12% |
FAQ
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