DHI Group Inc Stock Forecast
Green day on Wednesday for DHI Group Inc
(Updated on Mar 27, 2024)
The DHI Group Inc stock price gained 0.775% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.58 to $2.60. During the last trading day the stock fluctuated 4.28% from a day low at $2.57 to a day high of $2.68. The price has been going up and down for this period, and there has been a 2.77% gain for the last 2 weeks. Volume fell on the last day by -82 thousand shares and in total, 67 thousand shares were bought and sold for approximately $174.64 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 10.88% during the next 3 months and, with a 90% probability hold a price between $2.47 and $3.26 at the end of this 3-month period.
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DHX Signals & Forecast
The DHI Group Inc 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 $2.58 and $2.59. A breakdown below any of these levels will issue sell signals. 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 Thursday, March 07, 2024, and so far it has fallen -9.41%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for DHI Group Inc stock
DHI Group Inc finds support from accumulated volume at $2.55 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.110 between high and low, or 4.28%. For the last week the stock has had daily average volatility of 5.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DHX) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect DHI Group Inc to open at $2.62, and during the day (based on 14 day Average True Range), to move between $2.43 and $2.77, which gives a possible trading interval of +/-$0.165 (+/-6.36%) up or down from last closing price. If DHI Group Inc takes out the full calculated possible swing range there will be an estimated 12.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.65 (1.92%) than the support at $2.55 (1.92%), 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 DHI Group Inc stock A Buy?
The DHI Group Inc stock holds several negative signals and despite the positive trend, we believe DHI Group Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.881 Sell Candidate Unchanged
Predicted Opening Price for DHI Group Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$2.62 ( 0.641%) | $2.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.73 | 4.87 % | |
R2 | 2.68 | 3.26 % | ||
R1 | 2.66 | 2.26 % | ||
Current price: | 2.60 | |||
Support | S1 | 2.57 | -0.98 % | |
S2 | 2.55 | -1.97 % | ||
S3 | 2.51 | -3.59 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.87 | 10.38 % | |
R2 | 2.70 | 3.85 % | ||
R1 | 2.65 | 1.92 % | ||
Current price | 2.60 | |||
Support | S1 | 2.55 | -1.92% | |
S2 | 2.52 | -3.08% | ||
S3 | 2.42 | -6.92% |
FAQ
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