Donaldson Company, Inc Forecast and Stock Analysis
Technical DCI.L stock analysis for March 22, 2019.
|Shorts||10.68% ( 2019-02-28 )|
No changes to the price of Donaldson Company, Inc in the last trading day. The price has been going up and down for this period, and there has been a -3.51% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the DCI.L stock was £5.50.
During day the stock fluctuated 3.77% from a day low at £5.30 to a day high of £5.50.
30 day high of the DCI.L stock price was £5.80 and low was £5.30.
90 day high was £5.90 and low was £5.30.
52 week high for the Donaldson Company, Inc - £7.50 and low - £5.30.
Donaldson Company, Inc lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.72% during the next 3 months and, with 90% probability hold a price between £5.02 and £5.38 at the end of this period.
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. Donaldson Company, Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £5.70. On a fall, the stock will find some support from the short-term average at £5.49. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 30 and the stock is currently not being overbought or oversold
Support & Resistance
Donaldson Company, Inc finds support from accumulated volume at £5.40.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.20 (3.77%) between high and low. For the last week, the stock has had a daily average volatility of 2.26%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Donaldson Company, 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.