DuPont stock share prices (NYSE: DD) closed the week at a new 52-week high, down by 7.8% since mid-December. It’s stock prices were pressured by news on the consideration of the bill, which involves the introduction of environmental fees for the chemical industry companies. In 2019, the stock’s shares lost more than 24.5% in value. In the previous week, DuPont stock decreased by 3.94%. S&P500 index went up by 0.94% during the same period.
In addition, DuPont stock has been tumbling recently because of the softer world economic outlook and the U.S.-China business battle. But this also means the product is now selling in a comparatively attractive valuation—about 11 times forward earnings compared with business peers ’ average of 12 minutes. As the system rebounds and investors take to understand Dupont’s stronger attitude.
DuPont might not take the product you’d need to spend in betting that the Matrix-like fluid would be able to perk up sales, but is it the product to think otherwise? According to information from Morningstar, these contributions are valued in 18.5 times wages and 16 times following year’s calculated profits, not as much as yet the S& P 500, which goes off at more than 18 times future earnings. Yet it also provides a 14 percent discount to competitors like 3M. The proxy battle is looming, and dangers abound regardless which way the voting gets, but with that shares offering the discount to the industry, even if its job lags some of its rivals in a number of respects, Buying shares would be a perfectly rational act to make, especially if developments like futuristic liquids finally pan out.
Table of Contents
Stock Market Today
Published on Friday, December data from the US labor market were weak. Nonfarm Payrolls declined more than the market expected, from 256K to 145K. The number of jobs increased in non-industrial sectors only: retail, healthcare, and travel industries. Average hourly wages slowed growth from 3.1% to 2.9%. However, unemployment remained at 3.5%. Despite the weak data, investors remain in a positive mood, awaiting the signing of the first phase of the US-China trade deal on Wednesday. On Sunday, US Treasury Secretary Steven Mnuchin said the agreement with the PRC will contribute to the growth of the US economy this year. However, an increase in GDP may be 50 basis points less than forecasted due to Boeing’s problems. As a result, Mnuchin expects the economy to strengthen by 2.5%.
Oil quotes today are stable and traded within narrow ranges. Prices are influenced by ambiguous factors. On the one hand, the situation in the Middle East has returned to its usual course, although individual insignificant attacks on US targets are still conducted. On the other hand, a serious weakening of quotes is hindered by new protests in Iran and statements by the Minister of Energy of Saudi Arabia, Prince Abdulaziz bin Salman, who noted that the kingdom will continue to do everything possible to ensure market stability.
DuPont Support and Resistance
The shares of the company are dominated by “bearish” tendencies. #DD quotes updated key lows. Currently, the emitter is testing the support level of 59.50. 62.00 is a “mirror” resistance level. The instrument has the potential to further decline. Indicators show the strength of the sellers: the price has consolidated below MA(50) and MA(200); MACD histogram is in the negative zone. Positions are to be opened from key levels. Comparing the company’s multiplier with its competitors in the industry, we can say that #DD shares are neutral to sell.
Support levels: 59.50.
Resistance levels: 62.00, 63.50, 66.50.
DuPont Trading Ideas
If the price consolidates below the support level of 59.50, #DD quotes are expected to continue the fall. Potential profits should be locked in by orders at 57.00, 55.00, and 53.00. Stop-loss – 62.00. If the price consolidates above 62.00, one may consider buying #DD. The moving potential is aimed at the area of 66.50–68.50. Stop-loss – 59.50. Implementation period: 3 days.
DuPont Stock Recommendations
Jan-06-20 Initiated JP Morgan Neutral $62
Dec-17-19 Reiterated Cowen Outperform $83 → $80
Nov-15-19 Reiterated Cowen Outperform $77 → $83
Sep-10-19 Initiated Jefferies Buy $85
Aug-30-19 Upgrade Exane BNP Paribas Neutral → Outperform
Aug-20-19 Reiterated Cowen Outperform $83 → $77
Jun-25-19 Resumed Monness Crespi & Hardt Neutral
Jun-10-19 Initiated Cowen Outperform $83
DuPont Stock 1 Day Moving Averages
Name Value Action
Exponential Moving Average (5) 60.61 Sell
Simple Moving Average (5) 60.58 Sell
Exponential Moving Average (10) 61.42 Sell
Simple Moving Average (10) 61.68 Sell
Exponential Moving Average (20) 62.47 Sell
Simple Moving Average (20) 62.86 Sell
Exponential Moving Average (30) 63.23 Sell
Simple Moving Average (30) 63.21 Sell
Exponential Moving Average (50) 64.37 Sell
Simple Moving Average (50) 65.32 Sell
Exponential Moving Average (100) 66.37 Sell
Simple Moving Average (100) 66.65 Sell
Exponential Moving Average (200) 69.86 Sell
Simple Moving Average (200) 69.77 Sell
Ichimoku Cloud Base Line (9, 26, 52, 26) 63.02 Neutral
Volume Weighted Moving Average (20) 62.90 Sell
Hull Moving Average (9) 59.79 Buy