Dorian LPG Ltd Stock Forecast
Red day on Thursday for Dorian LPG Ltd
(Updated on Apr 25, 2024)
The Dorian LPG Ltd stock price fell by -1.27% on the last day (Thursday, 25th Apr 2024) from $41.81 to $41.28. During the last trading day the stock fluctuated 5.14% from a day low at $39.91 to a day high of $41.96. The price has risen in 6 of the last 10 days and is up by 3.64% over the past 2 weeks. Volume has increased on the last day by 259 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, 848 thousand shares were bought and sold for approximately $35.00 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 13.03% during the next 3 months and, with a 90% probability hold a price between $42.48 and $49.16 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LPG Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -2.18%. 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. The Dorian LPG Ltd 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 $40.75 and $39.04. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Dorian LPG Ltd stock
Dorian LPG Ltd finds support from accumulated volume at $39.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.05 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 3.77%.
Our recommended stop-loss: $40.03 (-3.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (LPG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Dorian LPG Ltd to open at $41.05, and during the day (based on 14 day Average True Range), to move between $39.77 and $42.79, which gives a possible trading interval of +/-$1.51 (+/-3.66%) up or down from last closing price. If Dorian LPG Ltd takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.74 (1.11%) than the support at $39.33 (4.72%), 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 Dorian LPG Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dorian LPG Ltd stock to perform well in the short-term.
Current score: 1.532 Buy Candidate Unchanged
Predicted Opening Price for Dorian LPG Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $41.05 ( 0.557%) | $41.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.10 | 4.41 % | |
| R2 | 42.32 | 2.51 % | ||
| R1 | 41.83 | 1.34 % | ||
| Current price: | 41.28 | |||
| Support | S1 | 40.27 | -2.45 % | |
| S2 | 39.78 | -3.63 % | ||
| S3 | 39.00 | -5.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.20 | 2.23 % | |
| R2 | 41.81 | 1.28 % | ||
| R1 | 41.74 | 1.11 % | ||
| Current price | 41.28 | |||
| Support | S1 | 39.33 | -4.72% | |
| S2 | 38.13 | -7.63% | ||
| S3 | 34.93 | -15.38% |
LPG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Feb 02, 2024 | Feb 27, 2024 | $1.00 | 2.81% |
| 2 | Oct 06, 2023 | Oct 19, 2023 | Nov 02, 2023 | $1.00 | 2.58% |
| 3 | Jul 27, 2023 | Aug 09, 2023 | Sep 06, 2023 | $1.00 | 3.61% |
| 4 | Apr 26, 2023 | May 05, 2023 | May 22, 2023 | $1.00 | 4.15% |
| 5 | Feb 01, 2023 | Feb 14, 2023 | Feb 28, 2023 | $1.00 | 4.56% |
FAQ
Click here for our free guide on how to buy Dorian LPG Ltd Stock.
