Weaker Buy Today DNLM.L ranks #1526 as BUY CANDIDATE. Stronger Buy
Today DNLM.L ranks #1526 as BUY CANDIDATE.

DNLM.L stock Dunelm Group Plc

DNLM.L stock
Dunelm Group Plc

March 15, 2019
Change -0.06%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will DNLM.L stock price go up or down on Tue, 19 Mar 2019?

Dunelm Group Plc Forecast and Stock Analysis

Technical DNLM.L stock analysis for March 15, 2019.

Buy candidate since 2019-02-13 Gain 18.13%

Dunelm Group Plc fell by -0.06% in the last day from £873.50 to £873.00 The price has been going up and down for this period, and there has been a 0.58% gain for the last 2 weeks. Volume has increased in the last day by 150 345 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 712 135 shares bought and sold for approximately £621.69 million.

Close price at the end of the last trading day (Friday, 15th Mar 2019) of the DNLM.L stock was £873.00. This is 0.06% less than the trading day before Thursday, 14th Mar 2019.

During day the stock fluctuated 1.84% from a day low at £869.00 to a day high of £885.00.

30 day high of the DNLM.L stock price was £885.00 and low was £722.00.
90 day high was £885.00 and low was £482.80.
52 week high for the Dunelm Group Plc - £885.00 and low - £460.60.

Trend

Dunelm Group Plc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £855.48 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 62.73% during the next 3 months and, with 90% probability hold a price between £1 392.12 and £1 580.67 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Dunelm Group Plc holds buy signals from both short- and long-term moving averages. In addition, 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 £862.21 and £791.41. A break down below any of these levels will issue sell signals. 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 Thursday March 14, 2019, which indicates further falls 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.

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Thursday March 14, 2019 and based on theory for this formation the price should fall by -30.74% to £843.76 within 7 trading days since signal was issued (Monday March 25, 2019).

Relative Strength Index (RSI)

The stock holds a RSI14 at 71 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £766.00 and £739.00.

There is 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, Dunelm Group Plc finds support just below today's level at £766.00. If this is broken, then the next support from accumulated volume will be at £739.00 and £667.50.

Support: £766.00 Price: £873.00 Resistance: £873.50

Risk

This stock may move much during a 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 £16.00 between high and low, or 1.84%. For the last week, the stock has had a daily average volatility of 2.03%.

Our recommended stoploss: £846.36 (-3.05%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 71 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Weaker Buy Today DNLM.L ranks #1526 as BUY CANDIDATE. Stronger Buy
Today DNLM.L ranks #1526 as BUY CANDIDATE.