Dynagas LNG Partners LP Stock Forecast
Green day on Friday for Dynagas LNG Partners LP stock after gaining 3.24%
(Updated on Apr 26, 2024)
The Dynagas LNG Partners LP stock price gained 3.24% on the last trading day (Friday, 26th Apr 2024), rising from $3.40 to $3.51. During the last trading day the stock fluctuated 7.60% from a day low at $3.42 to a day high of $3.68. The price has risen in 6 of the last 10 days and is up by 14.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 738 more shares were traded than the day before. In total, 63 thousand shares were bought and sold for approximately $221.83 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.35% during the next 3 months and, with a 90% probability hold a price between $3.03 and $4.13 at the end of this 3-month period.
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DLNG Signals & Forecast
The Dynagas LNG Partners LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.45 and $2.99. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Dynagas LNG Partners LP has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -4.88%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Dynagas LNG Partners LP stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.93 and $2.89. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dynagas LNG Partners LP finds support just below today's level at $2.93. If this is broken, then the next support from accumulated volume will be at $2.89 and $2.70.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.260 between high and low, or 7.60%. For the last week, the stock has had daily average volatility of 7.76%.
Our recommended stop-loss: $3.33 (-5.24%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (DLNG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Dynagas LNG Partners LP to open at $3.54, and during the day (based on 14 day Average True Range), to move between $3.34 and $3.68, which gives a possible trading interval of +/-$0.170 (+/-4.84%) up or down from last closing price. If Dynagas LNG Partners LP takes out the full calculated possible swing range there will be an estimated 9.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.55 (1.14%) than the support at $2.93 (16.52%), 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 Dynagas LNG Partners LP stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dynagas LNG Partners LP stock to perform well in the short-term.
Current score: 2.387 Buy Candidate Unchanged
Predicted Opening Price for Dynagas LNG Partners LP of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.54 ( 0.760%) | $3.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLNG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.80 | 8.17 % | |
| R2 | 3.70 | 5.34 % | ||
| R1 | 3.64 | 3.59 % | ||
| Current price: | 3.51 | |||
| Support | S1 | 3.44 | -2.07 % | |
| S2 | 3.38 | -3.82 % | ||
| S3 | 3.28 | -6.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.69 | 5.13 % | |
| R2 | 3.57 | 1.71 % | ||
| R1 | 3.55 | 1.14 % | ||
| Current price | 3.51 | |||
| Support | S1 | 2.93 | -16.52% | |
| S2 | 2.89 | -17.66% | ||
| S3 | 2.70 | -23.08% |
DLNG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2019 | May 02, 2019 | May 10, 2019 | $0.0630 | 2.75% |
| 2 | Jan 26, 2019 | Feb 06, 2019 | Feb 14, 2019 | $0.0630 | 2.50% |
| 3 | Oct 11, 2018 | Oct 18, 2018 | Oct 26, 2018 | $0.250 | 3.04% |
| 4 | Jul 05, 2018 | Jul 11, 2018 | Jul 19, 2018 | $0.250 | 3.12% |
| 5 | Apr 18, 2018 | Apr 25, 2018 | May 03, 2018 | $0.250 | 3.19% |
FAQ
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