DKL Price Prediction Next Week
Analysis and Insights
To predict the stock price of DKL for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI: The RSI values for DKL are 46.94 (6-period), 45.71 (12-period), and 45.80 (14-period), indicating a neutral to slightly bearish momentum.
- Stochastic Oscillator: The StochK (35.67) and StochD (34.05) are both below 50, suggesting bearish momentum.
- MACD: The MACD (-0.35) is below the signal line (-0.31), indicating a bearish signal.
- Moving Averages: The stock is trading above the SMA_60 (39.83) and SMA_200 (39.18) but below SMA_20 (42.00) and SMA_250 (41.05), suggesting potential resistance at higher levels.
- Fibonacci Levels: The stock is currently trading near the pivot level (41.57), with resistance at R1 (42.65) and support at S1 (40.48).
News Sentiment and Fundamental Analysis:
- Positive Earnings: DKL posted better-than-expected quarterly earnings, reflecting strong business fundamentals.
- Analyst Ratings: Analysts have provided mixed ratings, but Raymond James and Truist Securities have raised their price targets to $46 and $50, respectively.
- Insider Buying: Executive Chairman Ezra Uzi Yemin recently purchased $177.3K worth of DKL stock at an average price of $39.75, indicating confidence in the company's future.
- Sector Trends: The energy sector, particularly midstream companies like DKL, is expected to benefit from strong demand in the Permian Basin and recent acquisitions.
Price Prediction and Recommendation:
Based on the analysis, DKL is expected to test the Fibonacci R1 level of $42.65 next week. Considering the positive earnings, insider buying, and analyst upgrades, the stock is likely to move upward.
Predicted Price: $43.00
Recommendation: Buy
DKL Similar Chart Price Prediction
The price of DKL is predicted to go up 29.96%, based on the high correlation periods with YPF. The similarity of these two price pattern on the periods is 94.56%.
DKL
YPF
Up: 29.96%Similarity: 94.56%
DKL Revenue Forecast
DKL EPS Forecast
DKL FAQs
What is DKL revenue forecast for next quarter？
DKL Analyst's Forecast
Neal Dingmann
Truist Securities
Strong Buy
2024-11-18
Price Target
$46 → $50
Upside
+28.21%
Truist analyst Neal Dingmann raised the firm's price target on Delek Logistics to $50 from $46 and keeps a Buy rating on the shares. The company has recently completed several strategic deals on top of solid organic activity during the quarter, and the firm is "especially positive" on Delek's prospects to drive its higher margin third party business, the analyst tells investors in a research note. Delek units could get a material boost from if/when the Alerian MLP ETF is rebalanced, as a number of members have already dropped out and various others have a substantial weighting, the firm adds.
