Delta Apparel, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Delta Apparel, Inc stock price up 0.673% on Thursday
(Updated on Mar 28, 2024)
The Delta Apparel, Inc stock price gained 0.673% on the last trading day (Thursday, 28th Mar 2024), rising from $2.97 to $2.99. During the last trading day the stock fluctuated 8.33% from a day low at $2.88 to a day high of $3.12. The price has been going up and down for this period, and there has been a 1.01% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 13 thousand shares were bought and sold for approximately $38.28 thousand. 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 very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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DLA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 21.05%. 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 Delta Apparel, Inc 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 $3.00 and $3.47. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Delta Apparel, Inc stock
Delta Apparel, Inc finds support from accumulated volume at $2.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.240 between high and low, or 8.33%. For the last week the stock has had daily average volatility of 7.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DLA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Delta Apparel, Inc to open at $3.00, and during the day (based on 14 day Average True Range), to move between $2.72 and $3.26, which gives a possible trading interval of +/-$0.271 (+/-9.07%) up or down from last closing price. If Delta Apparel, Inc takes out the full calculated possible swing range there will be an estimated 18.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.05 (2.01%) than the support at $2.91 (2.68%), 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 Delta Apparel, Inc stock A Buy?
Delta Apparel, Inc holds several negative signals and is within a very 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: -3.683 Sell Candidate Unchanged
Predicted Opening Price for Delta Apparel, Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$3.00 ( 0.224%) | $2.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.24 | 8.25 % | |
R2 | 3.14 | 5.18 % | ||
R1 | 3.09 | 3.29 % | ||
Current price: | 2.99 | |||
Support | S1 | 2.91 | -2.84 % | |
S2 | 2.85 | -4.73 % | ||
S3 | 2.76 | -7.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.59 | 20.07 % | |
R2 | 3.10 | 3.68 % | ||
R1 | 3.05 | 2.01 % | ||
Current price | 2.99 | |||
Support | S1 | 2.91 | -2.68% | |
S2 | 2.75 | -8.03% | ||
S3 | 2.47 | -17.39% |
DLA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 17, 2007 | Aug 27, 2007 | Sep 10, 2007 | $0.0500 | 0.292% |
2 | May 01, 2007 | May 14, 2007 | May 29, 2007 | $0.0500 | 0.294% |
3 | Feb 02, 2007 | Feb 12, 2007 | Feb 26, 2007 | $0.0500 | 0.296% |
4 | Nov 06, 2006 | Nov 13, 2006 | Nov 27, 2006 | $0.0500 | 0.277% |
5 | Aug 18, 2006 | Aug 28, 2006 | Sep 11, 2006 | $0.0500 | 0.260% |
FAQ
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