DaVita healthCare Partners Inc Stock Forecast
Red day on Wednesday for DaVita healthCare Partners Inc stock after losing 0.87%
(Updated on Apr 24, 2024)
The DaVita healthCare Partners Inc stock price fell by -0.87% on the last day (Wednesday, 24th Apr 2024) from $133.91 to $132.74. During the last trading day the stock fluctuated 1.17% from a day low at $132.73 to a day high of $134.29. The price has fallen in 7 of the last 10 days but is still up by 0.51% over the past 2 weeks. Volume has increased on the last day by 144 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, 451 thousand shares were bought and sold for approximately $59.93 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 21.27% during the next 3 months and, with a 90% probability hold a price between $155.02 and $184.48 at the end of this 3-month period.
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DVA Signals & Forecast
There are few to no technical positive signals at the moment. The DaVita healthCare Partners Inc 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 $134.10. On a fall, the stock will find some support from the short-term average at $130.07. 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. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -4.65%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for DaVita healthCare Partners Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $123.41 and $119.87. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DaVita healthCare Partners Inc finds support just below today's level at $123.41. If this is broken, then the next support from accumulated volume will be at $119.87 and $114.30.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.56 (1.17%) between high and low. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DVA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect DaVita healthCare Partners Inc to open at $133.25, and during the day (based on 14 day Average True Range), to move between $129.85 and $135.63, which gives a possible trading interval of +/-$2.89 (+/-2.18%) up or down from last closing price. If DaVita healthCare Partners Inc takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $134.65 (1.44%) than the support at $123.41 (7.03%), 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.
Earnings coming up
DaVita healthCare Partners Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.96. We will update the financials statements for DaVita healthCare Partners Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.16% in the first trading day after earnings release.
Is DaVita healthCare Partners Inc stock A Buy?
The DaVita healthCare Partners Inc stock holds several negative signals and despite the positive trend, we believe DaVita healthCare Partners Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.475 Sell Candidate Unchanged
Predicted Opening Price for DaVita healthCare Partners Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $133.25 ( 0.385%) | $132.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DVA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 134.81 | 1.56 % | |
| R2 | 134.21 | 1.11 % | ||
| R1 | 133.85 | 0.83 % | ||
| Current price: | 132.74 | |||
| Support | S1 | 132.66 | -0.0620 % | |
| S2 | 132.29 | -0.338 % | ||
| S3 | 131.70 | -0.786 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.21 | 4.87 % | |
| R2 | 138.27 | 4.17 % | ||
| R1 | 134.65 | 1.44 % | ||
| Current price | 132.74 | |||
| Support | S1 | 123.41 | -7.03% | |
| S2 | 119.87 | -9.70% | ||
| S3 | 114.30 | -13.89% |
FAQ
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