Dun & Bradstreet Corporation (The) Forecast and Stock Analysis
Technical DNB stock analysis for February 15, 2019.
|Shorts||4.15% ( 2019-01-31 )|
No changes to the price of Dun & Bradstreet Corporation (The) in the last trading day. The price has been going up and down for this period, and there has been a 0.07% gain for the last 2 weeks.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the DNB stock was $144.95.
During day the stock fluctuated 0.00% from a day low at $144.95 to a day high of $144.95.
30 day high of the DNB stock price was $144.99 and low was $143.85.
90 day high was $144.99 and low was $140.11.
52 week high for the Dun & Bradstreet Corporation (The) - $145.00 and low - $113.79.
Dun & Bradstreet Corporation (The) is the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $145.25 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Dun & Bradstreet Corporation (The) with 90% probability to be traded between $144.23 and $147.66 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Dun & Bradstreet Corporation (The) holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $144.95. On a fall, the stock will find some support from the long-term average at approximately $144.22. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday February 06, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 94 and the stock is currently not being overbought or oversold
Support & Resistance
Dun & Bradstreet Corporation (The) finds support from accumulated volume at $144.62.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $140.42 (-3.12%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 94 and this increases the risk substantially. There is a sell signal from pivot top found 7 days ago.)
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.