Dewhurst Group Plc Stock Forecast
Stronger technical forecast for Dewhurst Group Plc stock price after Monday trading.
(Updated on Jun 24, 2024)
The Dewhurst Group Plc stock price gained 0.429% on the last trading day (Monday, 24th Jun 2024), rising from £1,166.00 to £1,171.00. During the last trading day the stock fluctuated 0.257% from a day low at £1,168.00 to a day high of £1,171.00. The price has risen in 5 of the last 10 days but is still down by -0.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 247 more shares were traded than the day before. In total, 447 shares were bought and sold for approximately £523.44 thousand.
Given the current short-term trend, the stock is expected to rise 31.83% during the next 3 months and, with a 90% probability hold a price between £1,543.69 and £1,703.36 at the end of this 3-month period.
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DWHT.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Dewhurst Group Plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dewhurst Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £1,197.74 and £1,188.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -4.80%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Dewhurst Group Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £1,100.00 and £980.00. 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, Dewhurst Group Plc finds support just below today's level at £1,100.00. If this is broken, then the next support from accumulated volume will be at £980.00 and £945.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £3.00 between high and low, or 0.257%. For the last week the stock has had daily average volatility of 0.0514%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DWHT.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Dewhurst Group Plc to open at £1,170.00, and during the day (based on 14 day Average True Range), to move between £1,141.00 and £1,201.00, which gives a possible trading interval of +/-£30.00 (+/-2.56%) up or down from last closing price. If Dewhurst Group Plc takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,175.00 (0.34%) than the support at £1,100.00 (6.06%), 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 Dewhurst Group Plc stock A Buy?
The Dewhurst Group Plc stock holds several negative signals and despite the positive trend, we believe Dewhurst Group Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.594 Sell Candidate Upgraded
Predicted Opening Price for Dewhurst Group Plc of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
£1,170.00 ( 0.0854%) | £1,171.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWHT.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,173.00 | 0.171% |
R2 | 1,171.85 | 0.0729% |
R1 | 1,171.15 | 0.0125% |
Price | 1,171.00 | |
S1 | 1,168.85 | -0.183% |
S2 | 1,168.15 | -0.244% |
S3 | 1,167.00 | -0.342% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,195.00 | 2.05% |
R2 | 1,185.00 | 1.20% |
R1 | 1,175.00 | 0.342% |
Price | 1,171.00 | |
S1 | 1,100.00 | -6.06% |
S2 | 980.00 | -16.31% |
S3 | 945.00 | -19.30% |
DWHT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 18, 2024 | Jan 18, 2024 | Feb 26, 2024 | £11.00 | 1.17% |
2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £4.75 | 0.500% |
3 | Dec 08, 2022 | Jan 19, 2023 | Feb 22, 2023 | £10.25 | 0.80% |
4 | Jun 15, 2022 | Jul 07, 2022 | Aug 16, 2022 | £4.50 | 0.419% |
5 | Dec 08, 2021 | Jan 20, 2022 | Feb 23, 2022 | £9.75 | 0.598% |
FAQ
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