Duff & Phelps Utilities Tax-Free Income Stock Forecast
Evaluation of Duff & Phelps Utilities Tax-Free Income stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Duff & Phelps Utilities Tax-Free Income stock price fell by -0.278% on the last day (Thursday, 28th Mar 2024) from $10.78 to $10.75. During the last trading day the stock fluctuated 1.03% from a day low at $10.69 to a day high of $10.80. The price has risen in 6 of the last 10 days and is up by 0.28% over the past 2 weeks. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 67 thousand shares were bought and sold for approximately $715.98 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Duff & Phelps Utilities Tax-Free Income stock with a 90% probability to be traded between $10.64 and $11.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DTF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 0.750%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Duff & Phelps Utilities Tax-Free Income stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.82. On a fall, the stock will find some support from the short-term average at $10.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Duff & Phelps Utilities Tax-Free Income gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Thursday, December 28, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Thursday, December 28, 2023 in the long-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 Tax-Free Income stock
Duff & Phelps Utilities Tax-Free Income finds support from accumulated volume at $10.73 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 $0.110 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 0.551%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DTF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Duff & Phelps Utilities Tax-Free Income Inc to open at $10.75, and during the day (based on 14 day Average True Range), to move between $10.69 and $10.81, which gives a possible trading interval of +/-$0.0609 (+/-0.57%) up or down from last closing price. If Duff & Phelps Utilities Tax-Free Income Inc takes out the full calculated possible swing range there will be an estimated 1.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.73 (0.19%) than the resistance at $10.78 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Duff & Phelps Utilities Tax-Free Income Inc stock A Buy?
Duff & Phelps Utilities Tax-Free Income holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.501 Sell Candidate Downgraded
Predicted Opening Price for Duff & Phelps Utilities Tax-Free Income Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$10.75 ( 0.0310%) | $10.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.86 | 0.99 % | |
R2 | 10.81 | 0.601 % | ||
R1 | 10.79 | 0.360 % | ||
Current price: | 10.75 | |||
Support | S1 | 10.70 | -0.422 % | |
S2 | 10.68 | -0.663 % | ||
S3 | 10.64 | -1.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.83 | 0.744 % | |
R2 | 10.82 | 0.651 % | ||
R1 | 10.78 | 0.279 % | ||
Current price | 10.75 | |||
Support | S1 | 10.73 | -0.186% | |
S2 | 10.72 | -0.279% | ||
S3 | 10.71 | -0.372% |
DTF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 17, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.0325 | 0.302% |
2 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.0325 | 0.302% |
3 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0325 | 0.302% |
4 | Dec 19, 2023 | Mar 14, 2024 | Mar 28, 2024 | $0.0325 | 0.302% |
5 | Dec 14, 2023 | Feb 14, 2024 | Feb 29, 2024 | $0.0325 | 0.300% |
FAQ
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