Data I/O Corporation Stock Forecast

Buy or Hold candidate since Nov 12, 2024 Gain 2.75%

The Data I/O Corporation stock price gained 0.769% on the last trading day (Friday, 6th Dec 2024), rising from $2.60 to $2.62. During the last trading day the stock fluctuated 1.55% from a day low at $2.58 to a day high of $2.62. The price has risen in 5 of the last 10 days and is up by 0.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately $44.19 thousand.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.30% during the next 3 months and, with a 90% probability hold a price between $2.74 and $3.17 at the end of this 3-month period.

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DAIO Signals & Forecast

The Data I/O 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 $2.64. On a fall, the stock will find some support from the long-term average at approximately $2.60. 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). 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 Wednesday, November 06, 2024, and so far it has fallen -3.68%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Data I/O Corporation stock

Data I/O Corporation finds support from accumulated volume at $2.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0400 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 2.95%.

Our recommended stop-loss: $2.51 (-4.07%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (DAIO) For The Upcoming Trading Day Of Monday 9th

For the upcoming trading day on Monday, 9th we expect Data I/O Corporation to open at $2.61, and during the day (based on 14 day Average True Range), to move between $2.54 and $2.70, which gives a possible trading interval of +/-$0.0848 (+/-3.24%) 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 6.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.60 (0.76%) than the resistance at $2.66 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Data I/O Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Data I/O Corporation stock to perform well in the short-term.

Current score: 2.733 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 9, 2024 - $2.61 ( 0.509%).