This stock has paid a quarterly $1 dividend since 8/21. It's been moving on a monthly basis along the 10EMA since 11/20 and a possible monthly bull flag pattern is forming.
On 2/1/2024, Dorian LPG (LPG) reported earnings of $2.62 per share on revenue of $163.07 million for the fiscal third quarter ended December 2023. The consensus earnings estimate was $2.27 per share on revenue of $157.43 million.
Could be inverse head and shoulders, double bottom, or cup w. handle. Regardless $22.90 - $22.45 area acting as resistance; but large volume for the last few days. Looking for a break out in this area with heavy volume.
This is a Bullish indicator signaling LPG's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 51 similar cases where LPG's MACD histogram became positive, and 42 of them led to successful outcomes. Odds of Success: 82%.
Dorian LPG has been one of my better performers over the last year. The stock is now up 150% over the last 12 months and no real sign of slowing down at this stage. It has held up well under some of the political turmoil in the markets / threats of trade wars etc. RSI hasn't blown out so still looks like it is at a reasonable price value. Might be worth a watch....
+ broke-out today with higher vol.
+ sideway price movement during the past 3 days
- upper shadow was less than Ideal
+ support from 5ema
+ trend intensity has just exited out of bearish zone
Given how the chart looks and the companies strong fundamentals, if it breaks past $6.34 it would have a lot of room to run. Entry would be after it breaks $6.05 with volume, and if it breaks $6.32 this could really be a great money maker.
