Doric Nimrod Air Three Ltd. Stock Forecast
Doric Nimrod Air Three Ltd. stock price down 2.83% on Thursday
(Updated on Apr 18, 2024)
The Doric Nimrod Air Three Ltd. stock price fell by -2.83% on the last day (Thursday, 18th Apr 2024) from £53.00 to £51.50. During the last trading day the stock fluctuated 5.05% from a day low at £49.50 to a day high of £52.00. The price has risen in 4 of the last 10 days but is still down by -1.44% for this period. Volume has increased on the last day by 96 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, 146 thousand shares were bought and sold for approximately £7.52 million.
The stock lies in the middle of a 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 -5.22% during the next 3 months and, with a 90% probability hold a price between £47.56 and £50.64 at the end of this 3-month period. 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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DNA3.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 Three Ltd. 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 £52.87 and £52.61. 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 02, 2024, and so far it has fallen -4.63%. Further fall is indicated until a new bottom pivot has been found. 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 Doric Nimrod Air Three Ltd. stock
Doric Nimrod Air Three Ltd. finds support from accumulated volume at £51.08 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 £2.50 between high and low, or 5.05%. For the last week the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DNA3.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Doric Nimrod Air Three Ltd. to open at £51.00, and during the day (based on 14 day Average True Range), to move between £49.76 and £53.24, which gives a possible trading interval of +/-£1.74 (+/-3.37%) up or down from last closing price. If Doric Nimrod Air Three Ltd. takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £51.08 (0.81%) than the resistance at £52.50 (1.94%), 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 Three Ltd. stock A Buy?
Doric Nimrod Air Three Ltd. 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.
Current score: -4.660 Sell Candidate Unchanged
Predicted Opening Price for Doric Nimrod Air Three Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £51.00 ( 0.97%) | £51.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNA3.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.50 | 3.88 % | |
| R2 | 52.55 | 2.03 % | ||
| R1 | 51.96 | 0.88 % | ||
| Current price: | 51.50 | |||
| Support | S1 | 50.05 | -2.83 % | |
| S2 | 49.46 | -3.97 % | ||
| S3 | 48.50 | -5.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.00 | 6.80 % | |
| R2 | 53.00 | 2.91 % | ||
| R1 | 52.50 | 1.94 % | ||
| Current price | 51.50 | |||
| Support | S1 | 51.08 | -0.81% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DNA3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | £2.06 | 4.00% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Jan 31, 2024 | £0.0206 | 0.0375% |
| 3 | Oct 19, 2023 | Oct 19, 2023 | Oct 19, 2023 | £0.0206 | 0.0382% |
| 4 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £2.06 | 4.58% |
| 5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £2.06 | 4.00% |
FAQ
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