Data I/O Corporation Stock Forecast
Green day on Thursday for Data I/O Corporation
(Updated on Apr 25, 2024)
The Data I/O Corporation stock price gained 0.567% on the last trading day (Thursday, 25th Apr 2024), rising from $3.53 to $3.55. During the last trading day the stock fluctuated 6.92% from a day low at $3.47 to a day high of $3.71. The price has risen in 5 of the last 10 days but is still down by -5.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $70.02 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.09% during the next 3 months and, with a 90% probability hold a price between $3.87 and $4.39 at the end of this 3-month period.
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DAIO Signals & Forecast
The Data I/O Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.49 and $3.55. A breakdown below any of these levels will issue sell signals. Data I/O Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -7.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Data I/O Corporation stock
Data I/O Corporation finds support from accumulated volume at $3.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.240 between high and low, or 6.92%. For the last week, the stock has had daily average volatility of 5.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DAIO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Data I/O Corporation to open at $3.58, and during the day (based on 14 day Average True Range), to move between $3.36 and $3.74, which gives a possible trading interval of +/-$0.186 (+/-5.23%) up or down from last closing price. If Data I/O Corporation takes out the full calculated possible swing range there will be an estimated 10.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.57 (0.56%) than the support at $3.50 (1.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Data I/O Corporation stock A Buy?
Data I/O Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.009 Sell Candidate Unchanged
Predicted Opening Price for Data I/O Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $3.58 ( 0.751%) | $3.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.82 | 7.51 % | |
| R2 | 3.72 | 4.93 % | ||
| R1 | 3.67 | 3.33 % | ||
| Current price: | 3.55 | |||
| Support | S1 | 3.48 | -1.83 % | |
| S2 | 3.43 | -3.43 % | ||
| S3 | 3.34 | -6.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.83 | 7.89 % | |
| R2 | 3.63 | 2.25 % | ||
| R1 | 3.57 | 0.563 % | ||
| Current price | 3.55 | |||
| Support | S1 | 3.50 | -1.41% | |
| S2 | 3.43 | -3.38% | ||
| S3 | 3.29 | -7.32% |
DAIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 1989 | Mar 09, 1989 | Mar 08, 1989 | $4.15 | 44.27% |
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