Diamond Hill Investment Group Stock Forecast
Green day on Thursday for Diamond Hill Investment Group
(Updated on Apr 18, 2024)
The Diamond Hill Investment Group stock price gained 0.345% on the last trading day (Thursday, 18th Apr 2024), rising from $147.89 to $148.40. During the last trading day the stock fluctuated 0.365% from a day low at $147.96 to a day high of $148.50. The price has fallen in 6 of the last 10 days and is down by -1.14% for this period. Volume fell on the last day by -9 thousand shares and in total, 8 thousand shares were bought and sold for approximately $1.19 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 middle of a wide and 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 -7.57% during the next 3 months and, with a 90% probability hold a price between $127.26 and $143.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DHIL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 2.57%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Diamond Hill Investment Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $149.44 and $150.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Diamond Hill Investment Group stock
Diamond Hill Investment Group finds support from accumulated volume at $147.99 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.540 between high and low, or 0.365%. For the last week the stock has had daily average volatility of 1.12%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DHIL) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Diamond Hill Investment Group to open at $148.29, and during the day (based on 14 day Average True Range), to move between $145.80 and $151.00, which gives a possible trading interval of +/-$2.60 (+/-1.75%) up or down from last closing price. If Diamond Hill Investment Group takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $147.99 (0.28%) than the resistance at $151.56 (2.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Diamond Hill Investment Group stock A Buy?
Diamond Hill Investment Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.814 Sell Candidate Unchanged
Predicted Opening Price for Diamond Hill Investment Group of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $148.29 ( 0.0764%) | $148.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHIL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 148.83 | 0.288 % | |
| R2 | 148.62 | 0.149 % | ||
| R1 | 148.49 | 0.0626 % | ||
| Current price: | 148.40 | |||
| Support | S1 | 148.08 | -0.215 % | |
| S2 | 147.95 | -0.301 % | ||
| S3 | 147.75 | -0.440 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 158.59 | 6.87 % | |
| R2 | 155.35 | 4.68 % | ||
| R1 | 151.56 | 2.13 % | ||
| Current price | 148.40 | |||
| Support | S1 | 147.99 | -0.276% | |
| S2 | 146.70 | -1.15% | ||
| S3 | 144.68 | -2.51% |
DHIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 08, 2024 | Mar 22, 2024 | $1.50 | 1.00% |
| 2 | Oct 31, 2023 | Nov 22, 2023 | Dec 08, 2023 | $1.50 | 0.91% |
| 3 | Aug 03, 2023 | Aug 30, 2023 | Sep 15, 2023 | $1.50 | 0.92% |
| 4 | May 10, 2023 | May 31, 2023 | Jun 16, 2023 | $1.50 | 0.84% |
| 5 | Feb 23, 2023 | Mar 03, 2023 | Mar 17, 2023 | $1.50 | 0.94% |
FAQ
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