Digital Realty Trust Inc Stock Forecast
Digital Realty Trust Inc stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Digital Realty Trust Inc stock price gained 0.626% on the last trading day (Thursday, 25th Apr 2024), rising from $140.61 to $141.49. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.48% from a day low at $137.17 to a day high of $141.95. The price has been going up and down for this period, and there has been a -1.21% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 161 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $245.63 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.23% during the next 3 months and, with a 90% probability hold a price between $130.89 and $145.83 at the end of this 3-month period.
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DLR Signals & Forecast
The Digital Realty Trust Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $137.96 and $141.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.23%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Digital Realty Trust Inc stock
Digital Realty Trust Inc finds support from accumulated volume at $138.38 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 $4.78 (3.48%) between high and low. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: $134.62 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (DLR) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Digital Realty Trust Inc to open at $140.20, and during the day (based on 14 day Average True Range), to move between $138.12 and $144.86, which gives a possible trading interval of +/-$3.37 (+/-2.38%) up or down from last closing price. If Digital Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $138.38 (2.20%) than the resistance at $146.81 (3.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Digital Realty Trust Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.63. We will update the financials statements for Digital Realty Trust Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.27% in the first trading day after earnings release.
Is Digital Realty Trust Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.177 Buy Candidate Upgraded
Predicted Opening Price for Digital Realty Trust Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $140.20 ( 0.91%) | $141.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.98 | 2.47 % | |
| R2 | 143.16 | 1.18 % | ||
| R1 | 142.03 | 0.381 % | ||
| Current price: | 141.49 | |||
| Support | S1 | 138.38 | -2.20 % | |
| S2 | 137.25 | -3.00 % | ||
| S3 | 135.42 | -4.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.60 | 6.44 % | |
| R2 | 148.61 | 5.03 % | ||
| R1 | 146.81 | 3.76 % | ||
| Current price | 141.49 | |||
| Support | S1 | 138.38 | -2.20% | |
| S2 | 136.22 | -3.72% | ||
| S3 | 135.06 | -4.54% |
DLR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.22 | 0.85% |
| 2 | Nov 28, 2023 | Dec 14, 2023 | Jan 19, 2024 | $1.22 | 0.89% |
| 3 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $1.22 | 1.01% |
| 4 | May 24, 2023 | Jun 14, 2023 | Jun 30, 2023 | $1.22 | 1.07% |
| 5 | Feb 22, 2023 | Mar 14, 2023 | Mar 31, 2023 | $1.22 | 1.24% |
FAQ
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