DHT Holdings Inc

DHT has shifted into a Stage 3 distribution structure, invalidating the prior bullish medium-term posture after a decisive June decline held below the 9- and 21-day EMAs. Medium-term bias is now bearish, and short-term timing favors execution as rallies into the 9/21 EMA resistance fail. Sell Now into the EMA resistance zone is appropriate. Key risks include a rebound above the 21-day EMA signaling structural failure and a volume-driven bounce stalling the breakdown.

• ↑Q1 2026 revenue $157M and net income $164.5M ($1.02 EPS).
• ↑Generated $133M in adjusted EBITDA, supporting dividends and capex.
• ↓Freight rates may tumble amid Middle East geopolitical tensions.