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Data I/O Corporation Stock Forecast NASDAQ:DAIO

$4.80 (-3.03%)

Volume: 13k

Closed: Nov 26, 2021

Hollow Logo Score: -2.999

Data I/O Corporation Stock Forecast

$4.80 (-3.03%)

Volume: 13k

Closed: Nov 26, 2021

Score Hollow Logo -2.999
Which way will DAIO go? Request
Key Stats
Beta 0.52
* 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 ] RSI14 is 29 and the stock is currently not being overbought or oversold

Red day on Friday for Data I/O Corporation stock after losing 3.03%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-10 Loss -8.92%

The Data I/O Corporation stock price fell by -3.03% on the last day (Friday, 26th Nov 2021) from $4.95 to $4.80. During the day the stock fluctuated 7.78% from a day low at $4.63 to a day high of $4.99. The price has fallen in 8 of the last 10 days and is down by -10.28% 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 -31 thousand shares and in total, 13 thousand shares were bought and sold for approximately $64.70 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.54 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.08% during the next 3 months and, with a 90% probability hold a price between $3.63 and $4.80 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are mixed signals in the stock today. The Data I/O 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 $4.83 and $5.71. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 4.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Data I/O Corporation finds support from accumulated volume at $4.69 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.36 between high and low, or 7.78%. For the last week the stock has had a daily average volatility of 6.07%.

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

Is Data I/O Corporation stock A Buy?

Data I/O Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.999

Predicted Opening Price for Data I/O Corporation of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$4.81 $4.80 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 6.07 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.07 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $5.35
Price: $4.80
Support: $4.69

DAIO Insider Trading Show all Trades

INSIDER POWER

2.480

Last 100 transactions
Buy: 818 456 | Sell: 330 043 (Shares)
Date Action Amount Person Type
Oct 04, 2021 Sell 5 214 Ambrose Anthony common stock
Oct 01, 2021 Sell 2 701 Ambrose Anthony common stock
Sep 14, 2021 Sell 5 559 Gulati Rajeev common stock
Sep 13, 2021 Sell 300 Gulati Rajeev common stock
Sep 10, 2021 Sell 1 700 Gulati Rajeev common stock
Show all Insider Trades
INSIDER POWER

2.480

Last 100 transactions
Buy: 818 456 | Sell: 330 043 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.17 7.64 %
5.03 4.77 %
4.94 3.00 %
Current price: 4.80
Support 4.67 -2.73 %
4.58 -4.50 %
4.45 -7.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.71 18.96 %
5.42 12.92 %
5.35 11.46 %
Current price 4.80
Support 4.69 -2.29%
4.59 -4.38%
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About Data I/O Corporation

Data I/O Data I/O Corporation designs, manufactures, and sells programming systems for electronic device manufacturers worldwide. The company’s programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs. It provides PSV handlers off-line automated programming systems; and RoadRunner and RoadRunner3 series handlers, an in-line automated programming systems. The company also offers non-automated p... Read more

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