Dynatronics Corporation Stock Forecast

Volatile ride for Dynatronics Corporation stock price on Friday moving between $0.514 and $0.566
(Updated on Apr 26, 2024)

DYNT Signals & Forecast

The Dynatronics Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.555. On a fall, the stock will find some support from the long-term average at approximately $0.464. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -5.92%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Dynatronics Corporation stock

Dynatronics Corporation finds support from accumulated volume at $0.550 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0519 between high and low, or 10.10%. For the last week the stock has had daily average volatility of 10.76%.

Our recommended stop-loss: $0.524 (-5.60%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (DYNT) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Dynatronics Corporation to open at $0.545, and during the day (based on 14 day Average True Range), to move between $0.492 and $0.617, which gives a possible trading interval of +/-$0.0626 (+/-11.28%) up or down from last closing price. If Dynatronics Corporation takes out the full calculated possible swing range there will be an estimated 22.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.556 (0.25%) than the support at $0.550 (0.88%), 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 Dynatronics Corporation stock A Buy?

Dynatronics Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.396 Hold/Accumulate Downgraded

Predicted Opening Price for Dynatronics Corporation of Monday, April 29, 2024

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