DuPont de Nemours, Inc. stock downgraded to Sell Candidate (Updated on September 01, 2021)

Sell candidate since 2021-09-01 PDF

The DuPont de Nemours, Inc. stock price fell by -0.78% on the last day (Wednesday, 1st Sep 2021) from $74.02 to $73.44. During the day the stock fluctuated 1.40% from a day low at $73.11 to a day high of $74.13. The price has been going up and down for this period, and there has been a -0.64% loss 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 -1 million shares and in total, 2 million shares were bought and sold for approximately $138.97 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 -10.40% during the next 3 months and, with a 90% probability hold a price between $61.24 and $68.92 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 19, 2021, and so far it has risen 0.87%. 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 DuPont de Nemours, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $74.37 and $74.99. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 months 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

DuPont de Nemours, Inc. finds support from accumulated volume at $72.92 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 $1.02 (1.40%) between high and low. For the last week, the stock has had a daily average volatility of 1.47%.

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

Is DuPont de Nemours, Inc. stock A Buy?

DuPont de Nemours, Inc. holds several negative signals and is within a wide and falling trend, so we believe 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 Hold/Accumulate to a Sell candidate.

Current score: -1.123

Predicted Opening Price for DuPont de Nemours, Inc. of Thursday, September 2, 2021

The predicted opening price is based on yesterdays movements between high, low, and the closing price.

Fair opening price September 2, 2021 Current price
$73.56 $73.44 (Undervalued)

Sell Candidate Downgraded

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On August 04, 2021 Credit Suisse Group gave $83.00 - $84.00 rating for DD. The price target was set to $74.58+0.3%.

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