NASDAQ:DRWI
Delisted

DragonWave Inc Fund Forecast

$0.250
+0 (+0%)
At Close: Aug 31, 2017
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

High volatility in DragonWave Inc fund price on Thursday which ended trading at $0.250
(Updated on Aug 31, 2017)

Sell candidate since Aug 08, 2017 PDF

No changes to the price of DragonWave Inc fund on the last trading day (Thursday, 31st Aug 2017). During the last trading day the fund fluctuated 150.00% from a day low at $0.100 to a day high of $0.250. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.

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DRWI Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The DragonWave Inc fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.250 and $0.453. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, August 30, 2017, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for DragonWave Inc fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0.150 between high and low, or 150.00%. For the last week the fund has had daily average volatility of 150.00%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DRWI) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect DragonWave Inc to open at $0.200, and during the day (based on 14 day Average True Range), to move between $0.104 and $0.396, which gives a possible trading interval of +/-$0.146 (+/-58.30%) up or down from last closing price. If DragonWave Inc takes out the full calculated possible swing range there will be an estimated 116.59% move between the lowest and the highest trading price during the day.

Is DragonWave Inc fund A Buy?

DragonWave Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.

Current score: -2.890 Sell Candidate Unchanged

Predicted Opening Price for DragonWave Inc of Friday, September 1, 2017

Fair opening price September 1, 2017 Current price
$0.200 ( 20.00%) $0.250

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DRWI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.350 40.00 %
R2 0.293 17.08 %
R1 0.257 2.92 %
Current price: 0.250
Support S1 0.143 -42.92 %
S2 0.107 -57.08 %
S3 0.0500 -80.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 0.250
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for DragonWave Inc Fund and on which exchange is it traded?
The symbol for DragonWave Inc is DRWI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell DragonWave Inc Fund?
DragonWave Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.

How to buy DragonWave Inc Fund?
DragonWave Inc Fund can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy DragonWave Inc Fund.

What's the current price of DragonWave Inc Fund?
As of the end of day on the 2017-08-31, the price of an DragonWave Inc (DRWI) share was $0.250.

What is the 52-week high and low for DragonWave Inc Fund?
The 52-week high for DragonWave Inc Fund is $4.93 and the 52-week low is $0.100.
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About DragonWave Inc

DragonWave Inc. provides high-capacity packet microwave solutions that drive next-generation IP networks worldwide. It offers packet and hybrid microwave, small cell solutions, and network management products; and mobile backhaul, small cell networks, public safety, state and local government, last-mile fiber extension, and rural cellular backhaul solutions. The companyÂ’s carrier-grade point-to-point packet microwave systems transmit broadband v... DRWI Profile

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