Dewhurst Group Plc Stock Forecast
Evaluation of Dewhurst Group Plc stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Dewhurst Group Plc stock price fell by -1.60% on the last day (Friday, 28th Jun 2024) from £1,190.00 to £1,171.00. During the last trading day the stock fluctuated 0% from a day low at £1,171.00 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 by 258 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 258 shares were bought and sold for approximately £302.12 thousand.
Given the current short-term trend, the stock is expected to rise 27.57% during the next 3 months and, with a 90% probability hold a price between £1,493.88 and £1,621.55 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). 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 £1,192.46 and £1,188.81. 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. Dewhurst Group Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Dewhurst Group Plc stock
Dewhurst Group Plc finds support from accumulated volume at £1,150.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.376%.
Our recommended stop-loss: £1,123.28 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (DWHT.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dewhurst Group Plc to open at £1,171.00, and during the day (based on 14 day Average True Range), to move between £1,144.79 and £1,197.21, which gives a possible trading interval of +/-£26.21 (+/-2.24%) up or down from last closing price. If Dewhurst Group Plc takes out the full calculated possible swing range there will be an estimated 4.48% 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 £1,150.00 (1.79%), 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?
Dewhurst Group Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Dewhurst Group Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £1,171.00 ( 0%) | £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 | 1,171.00 | - |
| R2 | 1,171.00 | - |
| R1 | 1,171.00 | - |
| Price | 1,171.00 | |
| S1 | 1,171.00 | - |
| S2 | 1,171.00 | - |
| S3 | 1,171.00 | - |
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 | 1,150.00 | -1.79% |
| S2 | 1,100.00 | -6.06% |
| S3 | 980.00 | -16.31% |
DWHT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2024 | Jul 18, 2024 | Aug 13, 2024 | £5.00 | 0.427% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Feb 26, 2024 | £11.00 | 1.17% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £4.75 | 0.500% |
| 4 | Dec 08, 2022 | Jan 19, 2023 | Feb 22, 2023 | £10.25 | 0.80% |
| 5 | Jun 15, 2022 | Jul 07, 2022 | Aug 16, 2022 | £4.50 | 0.419% |
FAQ
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