RSI low/high Values: [ 25 - 75 ]
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Douglas Dynamics Inc stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Douglas Dynamics Inc stock price fell by -1.39% on the last day (Thursday, 28th Mar 2024) from $24.46 to $24.12. During the last trading day the stock fluctuated 3.57% from a day low at $23.80 to a day high of $24.65. The price has been going up and down for this period, and there has been a 4.55% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 356 thousand shares were bought and sold for approximately $8.59 million.

The stock lies in the middle of a 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 -14.42% during the next 3 months and, with a 90% probability hold a price between $18.84 and $22.53 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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PLOW Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 6.73%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Douglas Dynamics 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 $24.35. On a fall, the stock will find some support from the short-term average at $23.48. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Douglas Dynamics Inc stock

Douglas Dynamics Inc finds support from accumulated volume at $23.52 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 $0.85 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 2.83%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PLOW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Douglas Dynamics Inc to open at $24.19, and during the day (based on 14 day Average True Range), to move between $23.34 and $24.90, which gives a possible trading interval of +/-$0.776 (+/-3.22%) up or down from last closing price. If Douglas Dynamics Inc takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.52 (2.49%) than the resistance at $24.78 (2.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Douglas Dynamics Inc stock A Buy?

Douglas Dynamics Inc 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 Buy to a Sell candidate.

Current score: -2.225 Sell Candidate Downgraded

Predicted Opening Price for Douglas Dynamics Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$24.19 ( 0.291%) $24.12

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PLOW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.04 3.81 %
R2 24.72 2.47 %
R1 24.51 1.64 %
Current price: 24.12
Support S1 23.87 -1.05 %
S2 23.67 -1.88 %
S3 23.34 -3.23 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.96 7.63 %
R2 25.55 5.93 %
R1 24.78 2.74 %
Current price 24.12
Support S1 23.52 -2.49%
S2 23.24 -3.65%
S3 23.04 -4.48%

PLOW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 26, 2024 Mar 15, 2024 Mar 29, 2024 $0.295 1.22%
2 Dec 06, 2023 Dec 18, 2023 Dec 29, 2023 $0.295 0.99%
3 Sep 06, 2023 Sep 18, 2023 Sep 29, 2023 $0.300 0.99%
4 Jun 05, 2023 Jun 15, 2023 Jun 30, 2023 $0.295 0.99%
5 Feb 20, 2023 Mar 16, 2023 Mar 31, 2023 $0.295 0.93%

FAQ

What is the symbol for Douglas Dynamics Inc Stock and on which exchange is it traded?
The symbol for Douglas Dynamics Inc is PLOW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Douglas Dynamics Inc Stock?
Douglas Dynamics Inc 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 Buy to a Sell candidate.

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

What's the current price of Douglas Dynamics Inc Stock?
As of the end of day on the 2024-03-28, the price of an Douglas Dynamics Inc (PLOW) share was $24.12.

What is the 52-week high and low for Douglas Dynamics Inc Stock?
The 52-week high for Douglas Dynamics Inc Stock is $35.39 and the 52-week low is $22.34.

What is the market capitalization of Douglas Dynamics Inc Stock?
As of the 2024-03-28, the market capitalization of Douglas Dynamics Inc is 554.374M.

When is the next earnings date for Douglas Dynamics Inc?
The upcoming earnings date for Douglas Dynamics Inc is May 06, 2024.
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About Douglas Dynamics Inc

Douglas Dynamics Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories. The ... PLOW Profile

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