Summary
- 72% technical buy signals.
- 18 new highs and up 38.84% in the last month.
- Analyst's price targets from 14.00 to 22.00.
The Chart of the Day belongs to the LPG tanker company Dorian LPG ( LPG ). I found the stock by sorting the Russell 3000 Index stocks, first by the most frequent number of new highs in the last month and having a Trend Spotter buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter first signaled a buy on 10/18 the stock gained 20.15%.
LPG Price vs Daily Moving Averages ( )
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas ((LPG)) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 27, 2022, its fleet consisted of twenty-two VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut. (Source: Seeking Alpha)
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 72% technical buy signals
- 55.80+ Weighted Alpha
- 52.06% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 39.94% in the last month
- Relative Strength Index 80.42%
- Technical support level at 18.15
- Recently traded at 18.84 with 50 day moving average of 14.98
Fundamental factors:
- Market Cap $759 million
- P/E 10.21
- Dividend Yield 24.23%
- Revenue expected to grow 3.10% this year and another 1.80% next year
- Earnings estimated to increase 57.100% this year and increase an additional 3.80% next year and continue to compound at an annual rate of 15.00% for the next 5 years
For further details see:
Dorian LPG - Saving Europe