Duff & Phelps Utilities Income Inc Stock Forecast
Duff & Phelps Utilities Income Inc stock price up 0.445% on Monday
(Updated on Mar 18, 2024)
The Duff & Phelps Utilities Income Inc stock price gained 0.445% on the last trading day (Monday, 18th Mar 2024), rising from $8.98 to $9.02. During the last trading day the stock fluctuated 0.667% from a day low at $8.98 to a day high of $9.04. The price has risen in 5 of the last 10 days and is up by 1.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 145 thousand more shares were traded than the day before. In total, 531 thousand shares were bought and sold for approximately $4.79 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.12 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.83% during the next 3 months and, with a 90% probability hold a price between $8.94 and $9.47 at the end of this 3-month period.
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DNP Signals & Forecast
The Duff & Phelps Utilities Income Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $8.97 and $8.84. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -0.770%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.
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.
Golden Star
The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.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.
Support, Risk & Stop-loss for Duff & Phelps Utilities Income Inc stock
Duff & Phelps Utilities Income Inc finds support from accumulated volume at $8.84 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 $0.0599 between high and low, or 0.667%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: $8.66 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (DNP) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect Duff & Phelps Utilities Income Inc to open at $9.01, and during the day (based on 14 day Average True Range), to move between $8.91 and $9.13, which gives a possible trading interval of +/-$0.111 (+/-1.23%) up or down from last closing price. If Duff & Phelps Utilities Income Inc takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.05 (0.33%) than the support at $8.84 (2.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Duff & Phelps Utilities Income Inc stock A Buy?
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 Duff & Phelps Utilities Income Inc stock to perform well in the short-term.
Current score: 2.620 Buy Candidate Unchanged
Predicted Opening Price for Duff & Phelps Utilities Income Inc of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$9.01 ( 0.0735%) | $9.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.07 | 0.591 % | |
R2 | 9.05 | 0.337 % | ||
R1 | 9.04 | 0.180 % | ||
Current price: | 9.02 | |||
Support | S1 | 8.99 | -0.327 % | |
S2 | 8.98 | -0.484 % | ||
S3 | 8.95 | -0.738 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.09 | 0.776 % | |
R2 | 9.06 | 0.443 % | ||
R1 | 9.05 | 0.333 % | ||
Current price | 9.02 | |||
Support | S1 | 8.84 | -2.00% | |
S2 | 8.65 | -4.10% | ||
S3 | 8.48 | -5.99% |
DNP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 14, 2023 | Mar 27, 2024 | Apr 10, 2024 | $0.0650 | 0.721% |
2 | Dec 14, 2023 | Feb 28, 2024 | Mar 11, 2024 | $0.0650 | 0.715% |
3 | Dec 14, 2023 | Jan 30, 2024 | Feb 12, 2024 | $0.0650 | 0.745% |
4 | Sep 26, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.0650 | 0.725% |
5 | Sep 25, 2023 | Nov 29, 2023 | Dec 11, 2023 | $0.0650 | 0.770% |
FAQ
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