De La Rue plc Stock Forecast
Weaker technical forecast for De La Rue plc as stock downgraded to Sell Candidate.
(Updated on Mar 27, 2024)
The De La Rue plc stock price fell by -1.42% on the last day (Wednesday, 27th Mar 2024) from £84.50 to £83.30. During the last trading day the stock fluctuated 2.59% from a day low at £82.75 to a day high of £84.90. The price has risen in 5 of the last 10 days but is still down by -2% for this period. Volume has increased on the last day by 188 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, 262 thousand shares were bought and sold for approximately £21.80 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £82.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.15% during the next 3 months and, with a 90% probability hold a price between £80.80 and £87.65 at the end of this 3-month period.
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DLAR.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 0.726%. 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 De La Rue plc 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 £84.03 and £86.33. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for De La Rue plc stock
De La Rue plc finds support from accumulated volume at £82.70 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £2.15 between high and low, or 2.59%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DLAR.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect De La Rue plc to open at £83.65, and during the day (based on 14 day Average True Range), to move between £81.23 and £85.37, which gives a possible trading interval of +/-£2.07 (+/-2.48%) up or down from last closing price. If De La Rue plc takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £82.70 (0.72%) than the resistance at £85.00 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is De La Rue plc stock A Buy?
De La Rue plc holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.689 Sell Candidate Downgraded
Predicted Opening Price for De La Rue plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£83.65 ( 0.422%) | £83.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLAR.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 85.80 | 3.00 % | |
R2 | 84.98 | 2.01 % | ||
R1 | 84.47 | 1.41 % | ||
Current price: | 83.30 | |||
Support | S1 | 82.83 | -0.563 % | |
S2 | 82.32 | -1.17 % | ||
S3 | 81.50 | -2.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 88.60 | 6.36 % | |
R2 | 85.40 | 2.52 % | ||
R1 | 85.00 | 2.04 % | ||
Current price | 83.30 | |||
Support | S1 | 82.70 | -0.720% | |
S2 | 0 | . | ||
S3 | 0 | . |
DLAR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2019 | Jul 04, 2019 | Aug 02, 2019 | £15.28 | 7.14% |
2 | Nov 27, 2018 | Dec 06, 2018 | Jan 03, 2019 | £7.59 | 1.99% |
3 | May 30, 2018 | Jul 05, 2018 | Aug 03, 2018 | £15.28 | 3.29% |
4 | Nov 21, 2017 | Dec 07, 2017 | Jan 03, 2018 | £7.59 | 1.32% |
5 | May 23, 2017 | Jun 29, 2017 | Aug 03, 2017 | £15.28 | 2.52% |
FAQ
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