DHT Holdings Inc Stock Forecast
DHT Holdings Inc stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
The DHT Holdings Inc stock price fell by -1.95% on the last day (Thursday, 18th Apr 2024) from $11.28 to $11.06. During the last trading day the stock fluctuated 2.50% from a day low at $11.02 to a day high of $11.30. The price has fallen in 7 of the last 10 days and is down by -6.35% for this period. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 992 thousand shares were bought and sold for approximately $10.97 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.35% during the next 3 months and, with a 90% probability hold a price between $11.59 and $12.63 at the end of this 3-month period.
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DHT Signals & Forecast
There are few to no technical positive signals at the moment. The DHT Holdings Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $11.31 and $11.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -6.90%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for DHT Holdings Inc stock
DHT Holdings Inc finds support from accumulated volume at $11.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.275 (2.50%) between high and low. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DHT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect DHT Holdings Inc to open at $11.13, and during the day (based on 14 day Average True Range), to move between $10.78 and $11.34, which gives a possible trading interval of +/-$0.285 (+/-2.58%) up or down from last closing price. If DHT Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.00 (0.54%) than the resistance at $11.22 (1.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DHT Holdings Inc stock A Buy?
The DHT Holdings Inc stock holds several negative signals and despite the positive trend, we believe DHT Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.288 Sell Candidate Downgraded
Predicted Opening Price for DHT Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $11.13 ( 0.588%) | $11.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.40 | 3.07 % | |
| R2 | 11.29 | 2.12 % | ||
| R1 | 11.23 | 1.54 % | ||
| Current price: | 11.06 | |||
| Support | S1 | 11.02 | -0.362 % | |
| S2 | 10.96 | -0.95 % | ||
| S3 | 10.85 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.44 | 3.44 % | |
| R2 | 11.37 | 2.80 % | ||
| R1 | 11.22 | 1.45 % | ||
| Current price | 11.06 | |||
| Support | S1 | 11.00 | -0.542% | |
| S2 | 10.98 | -0.723% | ||
| S3 | 10.93 | -1.18% |
DHT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 20, 2024 | Feb 28, 2024 | $0.220 | 2.04% |
| 2 | Nov 03, 2023 | Nov 20, 2023 | Nov 28, 2023 | $0.190 | 1.91% |
| 3 | Aug 22, 2023 | Aug 22, 2023 | Aug 30, 2023 | $0.350 | 3.76% |
| 4 | May 02, 2023 | May 17, 2023 | May 25, 2023 | $0.230 | 2.86% |
| 5 | Feb 07, 2023 | Feb 16, 2023 | May 25, 2023 | $0.380 | 4.73% |
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