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Dynamic Materials Corporation Stock Forecast NASDAQ:BOOM

$35.52 (-3.53%)

Volume: 64k

Closed: Dec 03, 2021

Hollow Logo Score: -2.986

Dynamic Materials Corporation Stock Forecast

$35.52 (-3.53%)

Volume: 64k

Closed: Dec 03, 2021

Score Hollow Logo -2.986
Which way will BOOM go? Request
Key Stats
P/E Ratio 391.47
Beta 0.93
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Dynamic Materials Corporation stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Dynamic Materials Corporation stock price ended on $35.52 on Friday after losing 3.53%
(Updated on Dec 03, 2021)

Sell candidate since 2021-12-03

The Dynamic Materials Corporation stock price fell by -3.53% on the last day (Friday, 3rd Dec 2021) from $36.82 to $35.52. During the day the stock fluctuated 5.72% from a day low at $35.47 to a day high of $37.50. The price has fallen in 6 of the last 10 days and is down by -11.58% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 64 thousand shares were bought and sold for approximately $2.27 million.

The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $35.54. A reaction back to this level may hold a second chance to get out before further falls.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 0.0282%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dynamic Materials Corporation stock 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 $36.72 and $40.53. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Dynamic Materials Corporation finds support from accumulated volume at $35.51 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.03 between high and low, or 5.72%. For the last week, the stock has had a daily average volatility of 5.71%.

Dynamic Materials Corporation is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is Dynamic Materials Corporation stock A Buy?

The Dynamic Materials Corporation stock holds several negative signals and despite the positive trend, we believe Dynamic Materials Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.986

Predicted Opening Price for Dynamic Materials Corporation of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$36.16 $35.52 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 30, 2021 "Sidoti" gave "$52.00" rating for BOOM. The price target was set to $37.030.0%.

Volatility and Risk
Daily Average Volatility: 5.71 %
Overall Risk: Very High High Medium Low Very Low
5.71 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $36.50
Price: $35.52
Support: $35.51

BOOM Insider Trading Show all Trades



Last 100 transactions
Buy: 126 327 | Sell: 322 689 (Shares)
Date Action Amount Person Type
Aug 27, 2021 Sell 32 176 Longe Kevin T Deferred Stock
Aug 27, 2021 Sell 11 192 Kuta Michael Deferred Stock
May 12, 2021 Buy 1 888 Rose Clifton Peter Common Stock
May 12, 2021 Buy 1 888 Bertone Andrea E. Deferred Stock
May 12, 2021 Buy 1 888 Aldous David C Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 126 327 | Sell: 322 689 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 38.19 7.53 %
37.42 5.34 %
36.94 3.99 %
Current price: 35.52
Support 35.39 -0.37 %
34.91 -1.72 %
34.13 -3.90 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 41.72 17.45 %
39.38 10.87 %
36.50 2.76 %
Current price 35.52
Support 35.51 -0.0282%
0 .
0 .

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About Dynamic Materials Corporation

Dynamic Materials Corporation operates in the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment is involved in the production of explosion-welded clad metal plates that are used in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, alum... Read more

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