Delta Apparel, Inc Stock Forecast
Red day on Wednesday for Delta Apparel, Inc
(Updated on Apr 17, 2024)
The Delta Apparel, Inc stock price fell by -2.67% on the last day (Wednesday, 17th Apr 2024) from $2.62 to $2.55. During the last trading day the stock fluctuated 2.75% from a day low at $2.55 to a day high of $2.62. The price has fallen in 6 of the last 10 days and is down by -6.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately $6.40 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. 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
There are mixed signals in the stock today. 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 $2.66 and $3.01. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 3.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Delta Apparel, Inc stock
Delta Apparel, Inc finds support from accumulated volume at $2.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0700 between high and low, or 2.75%. For the last week the stock has had daily average volatility of 6.75%.
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 Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Delta Apparel, Inc to open at $2.57, and during the day (based on 14 day Average True Range), to move between $2.32 and $2.78, which gives a possible trading interval of +/-$0.231 (+/-9.04%) up or down from last closing price. If Delta Apparel, Inc takes out the full calculated possible swing range there will be an estimated 18.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.47 (3.14%) than the resistance at $2.75 (7.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Delta Apparel, Inc stock A Buy?
Delta Apparel, 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.
Current score: -3.166 Sell Candidate Unchanged
Predicted Opening Price for Delta Apparel, Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $2.57 ( 0.92%) | $2.55 |
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 | 2.64 | 3.66 % | |
| R2 | 2.62 | 2.61 % | ||
| R1 | 2.60 | 1.96 % | ||
| Current price: | 2.55 | |||
| Support | S1 | 2.55 | -0.134 % | |
| S2 | 2.53 | -0.781 % | ||
| S3 | 2.50 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.05 | 19.61 % | |
| R2 | 2.91 | 14.12 % | ||
| R1 | 2.75 | 7.84 % | ||
| Current price | 2.55 | |||
| Support | S1 | 2.47 | -3.14% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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