Domino’s Pizza, Inc. (NYSE:DPZ) fell by -4.00% in Friday’s trading session from $201.03 to $192.98 and has now fallen 4 consecutive sessions. The price has been moving in both directions for this period, and there has been a -2.81% loss over 10-day period. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -2.29 million shares and in total 2.57 M shares exchanged hands for about $496.56 million.
Inside DPZ’s Recent Trend
Domino’s Pizza, Inc. (DPZ) with 90% probability for the price to range between $179.64 and $215.78 in this timeframe. Investors sometime notices large volume spikes after a breaking of the horizontal base, and stocks rarely experience a roller coaster ride from the bottom of a trend. Stocks jumping at a middle end of a horizontal base are therefore followed in search of a potential runner.
Domino’s Pizza, Inc. Technical Signals
DPZ has witnessed its long term and short term MA triggering a sell signal. Upon corrections, the price will meet resistance from the averages between $204.27 and $193.30. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Tuesday October 10, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. The downbeat movement of both volume and price during the recent session is interpreted as a good sign because traders usually believe falling stock should see declining volume.
Domino’s Pizza, Inc. (NYSE:DPZ) Support And Resistance Levels
Domino’s Pizza, Inc. (DPZ) recorded volume accumulation so there will probably be a surplus of buyers at $192.40. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $194.68, $198.23 and $201.03.
Accumulated volume is going to prevent the price from rising further at $194.68 and this action will lead the price to take a temporary pause or stay muted for a few days.
Domino’s Pizza, Inc. (DPZ) Risk Assessment
The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $9.14 (4.74%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 2.82%.