DHT Holdings Inc. (DHT)

DHT stock forecast: buy or sell

DHT stock outlook

  • DHT stock grew 1.71% to close at $5.35 on the stock market today.
  • Looking at the chart, price is drawing an scaled downtrend since mid-April with lower tops and lower bottoms. this downtrend marked a -34.76% loss(from its highs at $8.20).
  • DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Oslo, and Norway.
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Disclaimer:
The viewpoints published in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the specific conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for learning purposes only

DHT stock chart overview

Should I buy DHT stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is DHT stock a buy?

In the current situation of DHT there is not any eligible buy setup. This doesn't mean we expect a selloff for DHT in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

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Should I sell DHT stock?

When you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. In the same way as when we have to buy shares, deciding when is appropiate to sell is not a haphazard decision, and we must follow our own trading style. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for selling short DHT stock

A guiding principle is that you should never keep a trade that yields greater losses than those expected upon purchase. When to sell shares always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell DHT stock?

In the current situation of DHT there is not any eligible sell setup, so DHT stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell DHT stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, just one brokerage rating was published for DHT

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DHT ratings

Brokerage firmRating
Jun 18th, 2020
Stifel Nicolaus Strong buyNeutral

Technical analysis

DHT accumulates a selloff of -34.76% since its latest top mid-April at $8.20. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 3 consecutive lower tops

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. You can found more about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Technical analysts use supports and resistances as a way to identify price points on a chart that may behave as obstacles, preventing the price of shares to move in certain direction. A support level is a level where the price may stop as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it is likely to continue falling until meeting another support level. In contrast, resistances are where the price may find resistance as it rises. In the same way, this means that the price is more likely to "bounce off" at this level, and if it finally crosses this level, the price will climb easily until it finds the next resistance

The current resistances are:

  • R1: $5.38 (0.56% above)
  • R2: $5.40 (0.93% above)
  • R3: $5.43 (1.5% above)
  • The current support levels are:

  • S1: $5.28 (-1.31% below)
  • S2: $5.21 (-2.62% below)
  • S3: $5.20 (-2.8% below)
  • Bollinger bands

    So-called Bollinger bands are a widespread studio introduced by John Bollinger. By essence, the Bollinger Bands are bands that fluctuate around a moving averagediffering in distance from the bottom to the top depending on market volatility. They are usually drawn by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and past weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s

    When the relative strength (RSI) fluctuates for so long below 70 and above 30, without indication of overvaluation and undervaluation, the indicator turns out to be of little use, and we currently are in such a case.

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    Earnings and financials

    Q1 investors call was hosted by DHT in early May after releasing the earnings report. DHT surpassed consensus earnings estimates and presented a per-share earnings of %s of $0.58, that is a 5.45% surprise compared to the predictions of $0.55. Reported sales were $152.5 million compared to estimates of $152.7 million.

    This compares to earnings of $0.16 per share a year ago, so reported EPS is an improvement of 262.5%. Looking at revenue, figures skyrocketed a 77.53% compared to $85.9M same quarter last year.

    DHT posts quarterly earnings report on mid next August. Market analysts analysts estimate a per-share earnings of %s of $0.84, that is a 44.83% higher than previous quarter. Earnings reporting day has an additional risk for stock traders as the results disclosed can jump up or down the price with exceptionally low liquidity and not honouring your buy or stop-loss orders. Check company's website to confirm time and details on the earnings call and the earnings report.

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