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AI Analysis of LPG
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Dorian LPG Ltd stock downgraded to Hold/Accumulate
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 07, 2024 Loss -0.45% PDF

The Dorian LPG Ltd stock price gained 1.19% on the last trading day (Wednesday, 27th Mar 2024), rising from $37.01 to $37.45. During the last trading day the stock fluctuated 1.93% from a day low at $36.87 to a day high of $37.58. The price has fallen in 6 of the last 10 days and is down by -1.16% for this period. Volume fell on the last day by -94 thousand shares and in total, 392 thousand shares were bought and sold for approximately $14.67 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.50% during the next 3 months and, with a 90% probability hold a price between $24.95 and $33.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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LPG Signals & Forecast

The Dorian LPG Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $37.63. On a fall, the stock will find some support from the long-term average at approximately $36.50. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 10.60%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Dorian LPG Ltd stock

Dorian LPG Ltd finds support from accumulated volume at $37.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.710 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 2.80%.

Our recommended stop-loss: $35.85 (-4.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (LPG) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dorian LPG Ltd to open at $37.30, and during the day (based on 14 day Average True Range), to move between $36.21 and $38.69, which gives a possible trading interval of +/-$1.24 (+/-3.30%) up or down from last closing price. If Dorian LPG Ltd takes out the full calculated possible swing range there will be an estimated 6.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $37.44 (0.03%) than the resistance at $38.13 (1.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dorian LPG Ltd stock A Buy?

Dorian LPG Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.723 Hold/Accumulate Downgraded

Predicted Opening Price for Dorian LPG Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$37.30 ( 0.401%) $37.45

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 38.01 1.50 %
R2 37.74 0.771 %
R1 37.57 0.324 %
Current price: 37.45
Support S1 37.03 -1.12 %
S2 36.86 -1.57 %
S3 36.59 -2.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 41.22 10.07 %
R2 39.33 5.02 %
R1 38.13 1.82 %
Current price 37.45
Support S1 37.44 -0.0267%
S2 35.56 -5.05%
S3 34.93 -6.73%

LPG Dividend Payout History


# Declaration Date 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

What is the symbol for Dorian LPG Ltd Stock and on which exchange is it traded?
The symbol for Dorian LPG Ltd is LPG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Dorian LPG Ltd Stock?
Dorian LPG Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Dorian LPG Ltd Stock?
Dorian LPG Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dorian LPG Ltd Stock.

What's the current price of Dorian LPG Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Dorian LPG Ltd (LPG) share was $37.45.

What is the 52-week high and low for Dorian LPG Ltd Stock?
The 52-week high for Dorian LPG Ltd Stock is $49.54 and the 52-week low is $19.20.

What is the market capitalization of Dorian LPG Ltd Stock?
As of the 2024-03-27, the market capitalization of Dorian LPG Ltd is 1.502B.

When is the next earnings date for Dorian LPG Ltd?
The upcoming earnings date for Dorian LPG Ltd is May 22, 2024.
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About Dorian LPG Ltd

Dorian LPG Ltd Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 27, 2022, its fleet consisted of twenty-two VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.... LPG Profile

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