Diploma plc Stock Forecast
Diploma plc stock price ended at £3,542.00 on Monday, after gaining 1.03%.
(Updated on Apr 22, 2024)
The Diploma plc stock price gained 1.03% on the last trading day (Monday, 22nd Apr 2024), rising from £3,506.00 to £3,542.00. During the last trading day the stock fluctuated 1.87% from a day low at £3,528.00 to a day high of £3,594.00. The price has been going up and down for this period, and there has been a -3.22% loss for the last 2 weeks. Volume fell on the last day by -273 thousand shares and in total, 163 thousand shares were bought and sold for approximately £578.93 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 wide and weak 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 9.58% during the next 3 months and, with a 90% probability hold a price between £3,794.61 and £4,203.94 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.
DPLM.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.55%. 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). The Diploma plc 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 £3,541.14 and £3,502.91. A breakdown below any of these levels will issue sell signals. 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. The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Diploma plc stock
Diploma plc finds support from accumulated volume at £3,538.00 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 £66.00 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: £3,389.56 (-4.30%) (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 (DPLM.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Diploma plc to open at £3,554.67, and during the day (based on 14 day Average True Range), to move between £3,463.26 and £3,620.74, which gives a possible trading interval of +/-£78.74 (+/-2.22%) up or down from last closing price. If Diploma plc takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3,538.00 (0.11%) than the resistance at £3,620.00 (2.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Diploma plc 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 Diploma plc stock to perform well in the short-term.
Current score: 4.269 Buy Candidate Unchanged
Predicted Opening Price for Diploma plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £3,554.67 ( 0.358%) | £3,542.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DPLM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,620.67 | 2.22 % | |
| R2 | 3,595.45 | 1.51 % | ||
| R1 | 3,579.88 | 1.07 % | ||
| Current price: | 3,542.00 | |||
| Support | S1 | 3,529.45 | -0.354 % | |
| S2 | 3,513.88 | -0.794 % | ||
| S3 | 3,488.67 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,750.00 | 5.87 % | |
| R2 | 3,660.00 | 3.33 % | ||
| R1 | 3,620.00 | 2.20 % | ||
| Current price | 3,542.00 | |||
| Support | S1 | 3,538.00 | -0.113% | |
| S2 | 3,442.00 | -2.82% | ||
| S3 | 3,258.00 | -8.02% |
DPLM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Jan 18, 2024 | Jan 18, 2024 | £0 | 0% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £16.50 | 0.565% |
| 3 | Nov 21, 2022 | Jan 19, 2023 | Feb 03, 2023 | £38.80 | 1.31% |
| 4 | May 16, 2022 | May 26, 2022 | Jun 10, 2022 | £15.00 | 0.629% |
| 5 | Nov 22, 2021 | Jan 20, 2022 | Feb 04, 2022 | £30.10 | 1.09% |
FAQ
Click here for our free guide on how to buy Diploma plc Stock.
