Develia S.A. Stock Forecast
Green day on Friday for Develia S.A. stock after gaining 4.10%
(Updated on May 17, 2024)
The Develia S.A. stock price gained 4.10% on the last trading day (Friday, 17th May 2024), rising from 6.58zł to 6.85zł. During the last trading day the stock fluctuated 3.14% from a day low at 6.68zł to a day high of 6.89zł. The price has fallen in 5 of the last 10 days but is still up by 3.47% over the past 2 weeks. Volume fell on the last day by -75 thousand shares and in total, 316 thousand shares were bought and sold for approximately 2.17zł 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 stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 42.40% during the next 3 months and, with a 90% probability hold a price between 9.08zł and 10.23zł at the end of this 3-month period.
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DVL.WA Signals & Forecast
The Develia S.A. stock 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 6.66zł and 6.25zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 24.09%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.
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 Wednesday, February 28, 2024 in the short-term chart.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.
Support, Risk & Stop-loss for Develia S.A. stock
Develia S.A. finds support from accumulated volume at 6.64zł 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 0.210zł between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: 6.61zł (-3.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (DVL.WA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Develia S.A. to open at 6.81zł, and during the day (based on 14 day Average True Range), to move between 6.65zł and 7.05zł, which gives a possible trading interval of +/-0.205zł (+/-2.99%) up or down from last closing price. If Develia S.A. takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 6.64zł, some 0.210zł (3.07%) from the current price of 6.85zł, our system finds the risk reward attractive.
Is Develia S.A. stock 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 Develia S.A. stock to perform well in the short-term.
Current score: 4.246 Buy Candidate Unchanged
Predicted Opening Price for Develia S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 6.81zł ( 0.633%) | 6.85zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DVL.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.02 | 2.43 % | |
| R2 | 6.94 | 1.26 % | ||
| R1 | 6.89 | 0.538 % | ||
| Current price: | 6.85 | |||
| Support | S1 | 6.73 | -1.80 % | |
| S2 | 6.68 | -2.53 % | ||
| S3 | 6.60 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 6.85 | |||
| Support | S1 | 6.64 | -3.07% | |
| S2 | 6.13 | -10.51% | ||
| S3 | 5.96 | -12.99% |
DVL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 05, 2024 | 0.500zł | 7.30% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | 0.80zł | 18.02% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.450zł | 15.05% |
| 4 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | 0.170zł | 5.40% |
| 5 | Sep 17, 2020 | Sep 17, 2020 | Sep 17, 2020 | 0.100zł | 6.02% |
FAQ
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