DUSA Pharmaceuticals Inc ETF Forecast
Stronger technical forecast for DUSA Pharmaceuticals Inc ETF price after Friday trading.
(Updated on May 03, 2024)
The DUSA Pharmaceuticals Inc ETF price gained 0.693% on the last trading day (Friday, 3rd May 2024), rising from $38.98 to $39.25. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.767% from a day low at $39.08 to a day high of $39.38. The price has risen in 6 of the last 10 days and is up by 1.03% over the past 2 weeks. Volume fell on the last day by -65 thousand shares and in total, 19 thousand shares were bought and sold for approximately $732.05 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 ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $38.91 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.46% during the next 3 months and, with a 90% probability hold a price between $40.65 and $42.98 at the end of this 3-month period.
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DUSA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.76%. 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. The DUSA Pharmaceuticals Inc ETF 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 ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $39.47. On a fall, the ETF will find some support from the short-term average at $38.97. 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. 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 $0.300 between high and low, or 0.767%. For the last week the ETF has had daily average volatility of 1.04%
Our recommended stop-loss: $37.23 (-5.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (DUSA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect DUSA Pharmaceuticals Inc to open at $39.24, and during the day (based on 14 day Average True Range), to move between $38.74 and $39.76, which gives a possible trading interval of +/-$0.508 (+/-1.30%) up or down from last closing price. If DUSA Pharmaceuticals Inc takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.16 (0.23%) than the resistance at $39.62 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DUSA Pharmaceuticals Inc ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for DUSA Pharmaceuticals Inc ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.798 Buy Candidate Upgraded
Predicted Opening Price for DUSA Pharmaceuticals Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $39.24 ( 0.0337%) | $39.25 |
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 | 39.54 | 0.730 % | |
| R2 | 39.42 | 0.438 % | ||
| R1 | 39.35 | 0.258 % | ||
| Current price: | 39.25 | |||
| Support | S1 | 39.12 | -0.325 % | |
| S2 | 39.05 | -0.506 % | ||
| S3 | 38.94 | -0.797 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.46 | 3.08 % | |
| R2 | 40.06 | 2.06 % | ||
| R1 | 39.62 | 0.94 % | ||
| Current price | 39.25 | |||
| Support | S1 | 39.16 | -0.229% | |
| S2 | 38.98 | -0.688% | ||
| S3 | 38.75 | -1.27% |
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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