Duff & Phelps Global Utility Income Fund Stock Forecast
Duff & Phelps Global Utility Income Fund stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Duff & Phelps Global Utility Income Fund stock price fell by -0.317% on the last day (Thursday, 25th Apr 2024) from $9.46 to $9.43. During the last trading day the stock fluctuated 1.55% from a day low at $9.31 to a day high of $9.45. The price has risen in 6 of the last 10 days and is up by 3.63% over the past 2 weeks. 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 -151 thousand shares and in total, 70 thousand shares were bought and sold for approximately $657.22 thousand.
The stock lies in the middle of a weak 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 4.68% during the next 3 months and, with a 90% probability hold a price between $9.32 and $10.15 at the end of this 3-month period.
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DPG Signals & Forecast
The Duff & Phelps Global Utility Income Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.28 and $9.28. A breakdown 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 sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.317%. 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.
Support, Risk & Stop-loss for Duff & Phelps Global Utility Income Fund stock
Duff & Phelps Global Utility Income Fund finds support from accumulated volume at $9.13 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 $0.144 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: $9.05 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DPG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Duff & Phelps Global Utility Income Fund Inc to open at $9.40, and during the day (based on 14 day Average True Range), to move between $9.28 and $9.58, which gives a possible trading interval of +/-$0.151 (+/-1.60%) up or down from last closing price. If Duff & Phelps Global Utility Income Fund Inc takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.46 (0.32%) than the support at $9.13 (3.18%), 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 Global Utility Income Fund Inc stock A Buy?
Duff & Phelps Global Utility Income Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.179 Hold/Accumulate Upgraded
Predicted Opening Price for Duff & Phelps Global Utility Income Fund Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$9.40 ( 0.340%) | $9.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DPG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.54 | 1.19 % | |
R2 | 9.49 | 0.603 % | ||
R1 | 9.45 | 0.243 % | ||
Current price: | 9.43 | |||
Support | S1 | 9.34 | -0.92 % | |
S2 | 9.31 | -1.28 % | ||
S3 | 9.25 | -1.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.56 | 1.38 % | |
R2 | 9.47 | 0.424 % | ||
R1 | 9.46 | 0.318 % | ||
Current price | 9.43 | |||
Support | S1 | 9.13 | -3.18% | |
S2 | 9.00 | -4.56% | ||
S3 | 8.92 | -5.41% |
DPG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 17, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.210 | 2.23% |
2 | Dec 14, 2023 | Mar 14, 2024 | Mar 28, 2024 | $0.210 | 2.20% |
3 | Sep 21, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.210 | 2.29% |
4 | Jun 15, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.210 | 2.44% |
5 | Mar 15, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.350 | 3.60% |
FAQ
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