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% PDF
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|
Remember To Visit Our YouTube Channel
DAIO Insider Trading
|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|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.