DUSA Pharmaceuticals Inc ETF Forecast
Evaluation of DUSA Pharmaceuticals Inc ETF downgraded after the last trading session.
(Updated on Apr 25, 2024)
The DUSA Pharmaceuticals Inc ETF price fell by -1.90% on the last day (Thursday, 25th Apr 2024) from $39.54 to $38.79. During the last trading day the ETF fluctuated 1.14% from a day low at $38.40 to a day high of $38.84. The price has fallen in 6 of the last 10 days and is down by -2.81% for this period. Volume has increased on the last day by 15 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, 33 thousand shares were bought and sold for approximately $1.26 million.
Given the current short-term trend, the ETF is expected to rise 7.55% during the next 3 months and, with a 90% probability hold a price between $41.72 and $44.42 at the end of this 3-month period.
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DUSA Signals & Forecast
There are few to no technical positive signals at the moment. The DUSA Pharmaceuticals Inc ETF 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 $39.06 and $39.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -4.13%. 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). DUSA Pharmaceuticals Inc 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".
Support, Risk & Stop-loss for DUSA Pharmaceuticals Inc ETF
DUSA Pharmaceuticals Inc finds support from accumulated volume at $38.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.438 between high and low, or 1.14%. For the last week the ETF has had daily average volatility of 1.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DUSA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect DUSA Pharmaceuticals Inc to open at $38.68, and during the day (based on 14 day Average True Range), to move between $38.24 and $39.34, which gives a possible trading interval of +/-$0.548 (+/-1.41%) up or down from last closing price. If DUSA Pharmaceuticals Inc takes out the full calculated possible swing range there will be an estimated 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.75 (0.10%) than the resistance at $39.16 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DUSA Pharmaceuticals Inc ETF A Buy?
The DUSA Pharmaceuticals Inc ETF holds several negative signals and despite the positive trend, we believe DUSA Pharmaceuticals Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -2.214 Sell Candidate Downgraded
Predicted Opening Price for DUSA Pharmaceuticals Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $38.68 ( 0.294%) | $38.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DUSA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.11 | 0.84 % | |
| R2 | 38.95 | 0.405 % | ||
| R1 | 38.84 | 0.138 % | ||
| Current price: | 38.79 | |||
| Support | S1 | 38.51 | -0.725 % | |
| S2 | 38.41 | -0.99 % | ||
| S3 | 38.24 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.46 | 4.31 % | |
| R2 | 39.62 | 2.14 % | ||
| R1 | 39.16 | 0.95 % | ||
| Current price | 38.79 | |||
| Support | S1 | 38.75 | -0.103% | |
| S2 | 38.20 | -1.53% | ||
| S3 | 37.58 | -3.12% |
DUSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $1.19 | 3.37% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.329 | 1.21% |
| 3 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.384 | 1.12% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.149 | 0.507% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.290 | 1.12% |
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