Doric Nimrod Air Two Limited Stock Forecast
Doric Nimrod Air Two Limited stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The Doric Nimrod Air Two Limited stock price fell by -1.78% on the last day (Thursday, 18th Apr 2024) from £119.00 to £116.88. During the last trading day the stock fluctuated 0% from a day low at £116.88 to a day high of £116.88. The price has been going up and down for this period, and there has been a -0.95% loss for the last 2 weeks. 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 -85 thousand shares and in total, 3 thousand shares were bought and sold for approximately £366.77 thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately £117.59 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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DNA2.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Doric Nimrod Air Two Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £118.48 and £118.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.60%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Tuesday, April 09, 2024 with a target of £117.08. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Doric Nimrod Air Two Limited stock
Doric Nimrod Air Two Limited finds support from accumulated volume at £116.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.08%
Our recommended stop-loss: £111.23 (-4.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (DNA2.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Doric Nimrod Air Two Limited to open at £116.88, and during the day (based on 14 day Average True Range), to move between £115.59 and £118.17, which gives a possible trading interval of +/-£1.29 (+/-1.10%) up or down from last closing price. If Doric Nimrod Air Two Limited takes out the full calculated possible swing range there will be an estimated 2.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £116.00 (0.75%) than the resistance at £118.00 (0.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Doric Nimrod Air Two Limited stock A Buy?
Doric Nimrod Air Two Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.813 Hold/Accumulate Downgraded
Predicted Opening Price for Doric Nimrod Air Two Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £116.88 ( 0%) | £116.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNA2.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.88 | . | |
| R2 | 116.88 | . | ||
| R1 | 116.88 | . | ||
| Current price: | 116.88 | |||
| Support | S1 | 116.88 | . | |
| S2 | 116.88 | . | ||
| S3 | 116.88 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.00 | 1.81 % | |
| R2 | 118.50 | 1.39 % | ||
| R1 | 118.00 | 0.96 % | ||
| Current price | 116.88 | |||
| Support | S1 | 116.00 | -0.753% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DNA2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | £4.50 | 3.85% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Jan 31, 2024 | £0.0450 | 0.0381% |
| 3 | Oct 19, 2023 | Oct 19, 2023 | Oct 19, 2023 | £0.0450 | 0.0402% |
| 4 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £4.50 | 4.70% |
| 5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £4.50 | 4.46% |
FAQ
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