May 01, 2025 a 11:30 am
DAY: Fibonacci Analysis - Dayforce Inc
The recent analysis of Dayforce Inc. (DAY) shows a dominant downtrend over the past months. With a high in early 2024, the stock has consistently fallen amid challenging market conditions. With its dynamic HCM platform, Dayforce continues to hold potential, but investors are cautious given the market volatility. This analysis utilizes Fibonacci retracement levels to better understand potential support and resistance zones.
Fibonacci Analysis
Based on the data provided, the dominant trend for Dayforce Inc. is a downtrend.
| Metric | Information |
|---|---|
| Trend Start Date | 2024-12-04 |
| Trend End Date | 2025-04-21 |
| High Price & Date | $81.39 on 2024-12-02 |
| Low Price & Date | $52.33 on 2025-04-21 |
The table below provides the calculated Fibonacci retracement levels:
| Fibonacci Level | Price |
|---|---|
| 0.236 | $60.56 |
| 0.382 | $64.13 |
| 0.5 | $66.86 |
| 0.618 | $69.59 |
| 0.786 | $73.74 |
As of the last data point ($57.87 on 2025-04-30), the stock is below the 0.236 retracement level, indicating it has not yet entered a significant retracement zone. This suggests potential further down pressure unless a retracement to higher levels occurs. Technically, the defined Fibonacci levels may act as resistance if the stock tries to recover.
Conclusion
Dayforce Inc. has experienced significant downward pressure over recent months. The stock is currently positioned below key Fibonacci retracement levels, suggesting continued caution for short-term investments. However, the potential for long-term recovery remains should market conditions improve and the company continues to innovate within the HCM space. Analysts will be watching for any reversal signals at Fibonacci levels, which may provide buying opportunities if broader market conditions stabilize.