Dorian LPG Ltd Stock Forecast

Buy or Hold candidate since Mar 17, 2025 Gain 5.81%

The Dorian LPG Ltd stock price gained 2.04% on the last trading day (Monday, 24th Mar 2025), rising from $23.03 to $23.50. During the last trading day the stock fluctuated 2.47% from a day low at $23.05 to a day high of $23.62. The price has risen in 9 of the last 10 days and is up by 15.71% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 820 thousand shares were bought and sold for approximately $19.28 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 stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $23.43, a level that may pose a second chance to hit a runner. According to fan-theory $28.15 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

LPG Signals & Forecast

Mostly positive signals in the chart today. The Dorian LPG Ltd 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 $22.80 and $22.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 03, 2025, and so far it has risen 18.21%. 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). 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.

Support, Risk & Stop-loss for Dorian LPG Ltd stock

Dorian LPG Ltd finds support from accumulated volume at $23.03 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 $0.569 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 2.99%.

The Dorian LPG Ltd stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $22.76 (-3.16%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (LPG) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Dorian LPG Ltd to open at $23.39, and during the day (based on 14 day Average True Range), to move between $22.67 and $24.33, which gives a possible trading interval of +/-$0.83 (+/-3.52%) up or down from last closing price. If Dorian LPG Ltd takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.97 (2.00%) than the support at $23.03 (2.00%), 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 Dorian LPG Ltd stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.153 Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on March 25, 2025 - $23.39 ( 0.470%).