Dunelm Group Plc Stock Forecast
Dunelm Group Plc stock price ended at £967.00 on Monday, after losing 0.719%.
(Updated on Apr 22, 2024)
The Dunelm Group Plc stock price fell by -0.719% on the last day (Monday, 22nd Apr 2024) from £974.00 to £967.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.64% from a day low at £967.00 to a day high of £982.83. The price has fallen in 7 of the last 10 days and is down by -11.69% for this period. 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 -463 thousand shares and in total, 160 thousand shares were bought and sold for approximately £155.19 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (£1,030.93) are considered to be a "second chance" to get out. According to the fan-theory £909.76 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DNLM.L Signals & Forecast
There are few to no technical positive signals at the moment. The Dunelm Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £1,034.64 and £1,096.44. 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 -14.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Dunelm Group Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £15.83 between high and low, or 1.64%. For the last week, the stock has had daily average volatility of 3.02%.
Dunelm Group Plc is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DNLM.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Dunelm Group Plc to open at £972.28, and during the day (based on 14 day Average True Range), to move between £935.79 and £998.21, which gives a possible trading interval of +/-£31.21 (+/-3.23%) up or down from last closing price. If Dunelm Group Plc takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £995.50, some £28.50 (2.95%) from the current price of £967.00, our system finds the risk reward not very attractive.
Is Dunelm Group Plc stock A Buy?
Dunelm Group Plc holds several negative signals and is within a wide and 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: -4.021 Sell Candidate Unchanged
Predicted Opening Price for Dunelm Group Plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £972.28 ( 0.546%) | £967.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNLM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 988.10 | 2.18 % | |
| R2 | 982.05 | 1.56 % | ||
| R1 | 978.32 | 1.17 % | ||
| Current price: | 967.00 | |||
| Support | S1 | 966.23 | -0.0796 % | |
| S2 | 962.50 | -0.466 % | ||
| S3 | 956.45 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,118.00 | 15.62 % | |
| R2 | 1,094.00 | 13.13 % | ||
| R1 | 995.50 | 2.95 % | ||
| Current price | 967.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DNLM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 09, 2024 | £51.00 | 4.66% |
| 2 | Feb 15, 2023 | Mar 16, 2023 | Apr 11, 2023 | £40.00 | 3.63% |
| 3 | Sep 14, 2022 | Nov 10, 2022 | Dec 05, 2022 | £26.00 | 2.54% |
| 4 | Feb 09, 2022 | Mar 17, 2022 | Apr 08, 2022 | £14.00 | 1.35% |
| 5 | Feb 09, 2022 | Feb 24, 2022 | Mar 18, 2022 | £37.00 | 3.20% |
FAQ
Click here for our free guide on how to buy Dunelm Group Plc Stock.
