DAI NIPPON PRTG SPON Stock Forecast

DAI NIPPON PRTG SPON stock price ended at $14.46 on Wednesday, after losing 1.20%.
(Updated on Apr 17, 2024)

DNPLY Signals & Forecast

There are few to no technical positive signals at the moment. The DAI NIPPON PRTG SPON 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 $14.67 and $14.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -7.52%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for DAI NIPPON PRTG SPON stock

DAI NIPPON PRTG SPON finds support from accumulated volume at $14.45 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0987 between high and low, or 0.686%. For the last week the stock has had daily average volatility of 0.81%.

DAI NIPPON PRTG SPON is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $13.65 (-5.57%) (This stock has low daily movements and this gives low risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (DNPLY) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect DAI NIPPON PRTG SPON to open at $14.45, and during the day (based on 14 day Average True Range), to move between $14.22 and $14.69, which gives a possible trading interval of +/-$0.239 (+/-1.66%) up or down from last closing price. If DAI NIPPON PRTG SPON takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.45 (0.03%) than the resistance at $14.63 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DAI NIPPON PRTG SPON stock A Buy?

DAI NIPPON PRTG SPON holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.473 Hold/Accumulate Unchanged

Predicted Opening Price for DAI NIPPON PRTG SPON of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.