Dave & Buster Stock Forecast
Green day on Thursday for Dave & Buster
(Updated on Mar 28, 2024)
The Dave & Buster stock price gained 1.85% on the last trading day (Thursday, 28th Mar 2024), rising from $61.46 to $62.60. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.33% from a day low at $61.48 to a day high of $62.91. The price has risen in 6 of the last 10 days and is up by 0.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 495 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $101.28 million.
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 28.75% during the next 3 months and, with a 90% probability hold a price between $77.04 and $89.97 at the end of this 3-month period.
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PLAY Signals & Forecast
The Dave & Buster stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $61.38 and $61.58. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dave & Buster stock
On the downside, the stock finds support just below today's level from accumulated volume at $59.41 and $50.67. 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, Dave & Buster finds support just below today's level at $59.41. If this is broken, then the next support from accumulated volume will be at $50.67 and $49.24.
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 $1.43 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: $59.98 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (PLAY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dave & Buster to open at $62.33, and during the day (based on 14 day Average True Range), to move between $60.62 and $64.58, which gives a possible trading interval of +/-$1.98 (+/-3.16%) up or down from last closing price. If Dave & Buster takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.65 (0.08%) than the support at $59.41 (5.10%), 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 Dave & Buster 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 Dave & Buster stock to perform well in the short-term.
Current score: 1.333 Buy Candidate Unchanged
Predicted Opening Price for Dave & Buster of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$62.33 ( 0.431%) | $62.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLAY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.76 | 1.85 % | |
R2 | 63.21 | 0.98 % | ||
R1 | 62.88 | 0.441 % | ||
Current price: | 62.60 | |||
Support | S1 | 61.78 | -1.30 % | |
S2 | 61.45 | -1.84 % | ||
S3 | 60.90 | -2.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.24 | 1.02 % | |
R2 | 62.67 | 0.112 % | ||
R1 | 62.65 | 0.0799 % | ||
Current price | 62.60 | |||
Support | S1 | 59.41 | -5.10% | |
S2 | 50.67 | -19.06% | ||
S3 | 49.24 | -21.34% |
PLAY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 19, 2019 | Jan 09, 2020 | Feb 10, 2020 | $0.160 | 0.347% |
2 | Sep 20, 2019 | Oct 10, 2019 | Nov 11, 2019 | $0.160 | 0.402% |
3 | Jun 13, 2019 | Jun 24, 2019 | Jul 10, 2019 | $0.150 | 0.379% |
4 | Mar 11, 2019 | Mar 25, 2019 | Apr 10, 2019 | $0.150 | 0.288% |
5 | Dec 14, 2018 | Dec 24, 2018 | Jan 10, 2019 | $0.150 | 0.293% |
FAQ
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