RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DORM
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Dorman Products stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 23, 2024 Gain 17.77% PDF

The Dorman Products stock price gained 4.72% on the last trading day (Wednesday, 27th Mar 2024), rising from $93.04 to $97.43. During the last trading day the stock fluctuated 4.56% from a day low at $93.44 to a day high of $97.70. The price has been going up and down for this period, and there has been a 7.36% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 70 thousand more shares were traded than the day before. In total, 168 thousand shares were bought and sold for approximately $16.36 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.91% during the next 3 months and, with a 90% probability hold a price between $101.79 and $117.11 at the end of this 3-month period.

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DORM Signals & Forecast

The Dorman Products 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 $93.62 and $88.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.87%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, February 05, 2024 with a target of $90.96. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Dorman Products stock

Dorman Products finds support from accumulated volume at $96.27 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 $4.27 between high and low, or 4.56%. For the last week the stock has had daily average volatility of 2.26%.

Our recommended stop-loss: $94.10 (-3.42%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (DORM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dorman Products to open at $96.19, and during the day (based on 14 day Average True Range), to move between $95.05 and $99.81, which gives a possible trading interval of +/-$2.38 (+/-2.44%) up or down from last closing price. If Dorman Products takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $96.27, some $1.17 (1.20%) from the current price of $97.43, our system finds the risk reward attractive.

Is Dorman Products stock A Buy?

Dorman Products holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.801 Strong Buy Candidate Upgraded

Predicted Opening Price for Dorman Products of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$96.19 ( 1.27%) $97.43

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

Trading levels for DORM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 100.45 3.10 %
R2 98.82 1.43 %
R1 97.82 0.398 %
Current price: 97.43
Support S1 94.56 -2.95 %
S2 93.55 -3.98 %
S3 91.92 -5.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 97.43
Support S1 96.27 -1.20%
S2 90.39 -7.23%
S3 82.24 -15.59%

DORM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 05, 2012 Dec 13, 2012 Dec 28, 2012 $1.50 4.39%

FAQ

What is the symbol for Dorman Products Stock and on which exchange is it traded?
The symbol for Dorman Products is DORM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Dorman Products Stock?
Dorman Products holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Dorman Products Stock?
Dorman Products Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dorman Products Stock.

What's the current price of Dorman Products Stock?
As of the end of day on the 2024-03-27, the price of an Dorman Products (DORM) share was $97.43.

What is the 52-week high and low for Dorman Products Stock?
The 52-week high for Dorman Products Stock is $97.70 and the 52-week low is $60.01.

What is the market capitalization of Dorman Products Stock?
As of the 2024-03-27, the market capitalization of Dorman Products is 3.029B.

When is the next earnings date for Dorman Products?
The upcoming earnings date for Dorman Products is May 07, 2024.
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About Dorman Products

Dorman Products Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing co... DORM Profile

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