DWF Group Share Price Forecast July 2021 – Time to Buy DWF?
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Shares of Law firm DWF Group (LSE: DWF) are in the green at the moment (July 22 11:56 UTC+1) which is better than the last trading session where the prices dropped by 4.55%. With the new surge, the investors are wondering if this is the right time to purchase DWF shares.
DWF Group – Technical Analysis
The financial statement of DWF Group reveals that the company has a market cap of £310.249M while its total assets are worth £374.788M. The revenue of the company was £297.23M in 2020 compared to £268.14M in 2019. The market is open at the moment of writing at £108.0 with an uptrend of 2.31%.
You can get more insight from the technical information of DWF. Moving Averages such as Exponential Moving Average (10)(106.9), Simple Moving Average (10)(107.4), Volume Weighted Moving Average (20)(107.7), and Simple Moving Average (20)(107.0) are pointing towards a buy action. Oscillators like Stochastic RSI Fast (3, 3, 14, 14)(17.2), Relative Strength Index (14)(55.4), Average Directional Index (14)(21.9), and Ultimate Oscillator (7, 14, 28)(48.0) are remaining neutral.
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Recent Developments
Judging from the annual movement, DWF Group shares are very volatile. The values of the shares started to drop in May and cost £107.00. The lowest dynamics of the shares were noticed in June when the price dropped to £98.00. Seema Bains, the Diversity and Leadership Group Head of the company sold £147K worth of shares at £1.07 per share recently. However, the share is not likely to leave a heavy impact because it was just 7.6 of the total ownership.
Seema Bains’ recent sale was indeed the biggest selling of the company shares by an insider in the last twelve months. Insiders obtained 45K shares worth £29K in the past year. However, they sold 137.25K shares for £147,000.
In July, the shares have been trading close to a 52 week high, which is good news. The price of the shares has gone up by 2.34% within a month. At the beginning of June, the share price was around £109.5, which has not dropped much yet.
Should You Buy DWF Shares?
The beginning of the year was rough for DWF, but the stats are pretty good for the last couple of months. A 52-week high is a popular indicator of the market, but when it is hit, investors become cautious and uncertain about what to expect next. It happens because momentum takes over before the news of a new high sink in and the price moves higher constantly which can be scary. However, moving averages are pointing towards a strong buy action, while oscillators are neutral. So, it may be a good time to purchase DWF shares.
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