The Duckhorn Portfolio, Inc. Stock Forecast
Stronger technical forecast for The Duckhorn Portfolio, Inc. stock price after Friday trading.
(Updated on Apr 19, 2024)
The The Duckhorn Portfolio, Inc. stock price gained 3.25% on the last trading day (Friday, 19th Apr 2024), rising from $7.99 to $8.25. During the last trading day the stock fluctuated 3.25% from a day low at $8.00 to a day high of $8.26. The price has fallen in 6 of the last 10 days and is down by -9.44% for this period. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $8.90 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 lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.99 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.03% during the next 3 months and, with a 90% probability hold a price between $7.74 and $9.18 at the end of this 3-month period.
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NAPA Signals & Forecast
There are mixed signals in the stock today. The The Duckhorn Portfolio, Inc. stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.93. On a fall, the stock will find some support from the short-term average at $8.24. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.25%. 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.
Support, Risk & Stop-loss for The Duckhorn Portfolio, Inc. stock
The Duckhorn Portfolio, Inc. finds support from accumulated volume at $8.23 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 $0.260 between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 4.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NAPA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect The Duckhorn Portfolio, Inc. to open at $8.17, and during the day (based on 14 day Average True Range), to move between $7.95 and $8.55, which gives a possible trading interval of +/-$0.302 (+/-3.66%) up or down from last closing price. If The Duckhorn Portfolio, Inc. takes out the full calculated possible swing range there will be an estimated 7.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.23 (0.24%) than the resistance at $8.63 (4.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Duckhorn Portfolio, Inc. stock A Buy?
The Duckhorn Portfolio, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.900 Sell Candidate Upgraded
Predicted Opening Price for The Duckhorn Portfolio, Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $8.17 ( 0.97%) | $8.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAPA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.43 | 2.18 % | |
| R2 | 8.33 | 0.98 % | ||
| R1 | 8.27 | 0.234 % | ||
| Current price: | 8.25 | |||
| Support | S1 | 8.07 | -2.17 % | |
| S2 | 8.01 | -2.92 % | ||
| S3 | 7.91 | -4.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.05 | 9.70 % | |
| R2 | 8.97 | 8.73 % | ||
| R1 | 8.63 | 4.61 % | ||
| Current price | 8.25 | |||
| Support | S1 | 8.23 | -0.242% | |
| S2 | 8.22 | -0.364% | ||
| S3 | 7.99 | -3.15% |
FAQ
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