Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of DEN will decline by -3.95% over the next 2 Weeks and hit $85.16 by Friday, November 17, 2023. In that time frame, DEN's share price is expected to range between $82.63 and $87.71.
BearishAverageBullishDEN shares fell -0.26% in Wednesday, November 1, 2023's trading session, dropping from a previous close of $88.89 to move at $88.66. The stock demonstrated notable intraday movement (see DEN's key stats for a full breakdown), fluctuating between $88.58 and $89.99, a +1.59% trading range. While recent weeks have seen some volatility, DEN has managed to secure a -3.37% drop over the past 2 weeks. The downward price movement was accompanied by remained steady trading volume, with approximately 0 shares changing hands, 0 fewer than the previous session. This amounted to $0.00 in total market activity.
Will DEN Continue Its Downward Trend?
According to analyst ratings and projections for DEN, Denbury Inc. shares are anticipated to decrease by -0.92%, potentially reaching $87.86 per share by November 17, 2023. Short-term technical indicators currently suggest a neutral sentiment for DEN. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 12 positive trading days within the past 30 sessions. Based on the DEN stock forecast, now is not the best time to buy DEN stock because its current trading price is +4.16% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on DEN covering social and institutional perspectives.
DEN Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into DEN's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 32.69% to 41.48%) suggest weak bearish momentum with possible fluctuation. The 50-day RSI, at 47.68%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 49.78%, maintains a neutral outlook for the long term. Insights into DEN's shareholder base show how institutional investors are positioning themselves during these momentum shifts
Denbury Inc. Monthly Forecast 2024
September 2024
According to our latest forecast models, Denbury Inc. (DEN) is positioned to show a strong performance in September 2024. The price is predicted to move between $121.15 and $133.01, settling at an average of $127.07. This could translate to a +43.32% gain.
October 2024
Based on current market signals, Denbury Inc. is projected to trend october 2024. We forecast a trading range from $117.22 to $131.59, with a likely average price of $124.68. Investors could expect a potential return of +40.63%.
November 2024
Our predictive algorithms indicate Denbury Inc. stock may see a shift in November 2024. The expected range spans $117.50–$126.14, with an average target of $122.15. This represents a positive outlook and a possible gain of +37.77%.
DEN's history of dividends and stock splits also plays a role in long-term investor confidence.