Data I/O Corporation Stock Forecast
Red day on Thursday for Data I/O Corporation
(Updated on May 02, 2024)
No changes to the price of Data I/O Corporation stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 2.32% from a day low at $2.86 to a day high of $2.93. The price has risen in 5 of the last 10 days but is still down by -15.2% for this period.
The stock lies in the lower part of a very 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 $2.85 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 2.09% during the next 3 months and, with a 90% probability hold a price between $2.91 and $3.93 at the end of this 3-month period.
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DAIO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.75%. 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 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 $3.13 and $3.47. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Data I/O Corporation stock
Data I/O Corporation finds support from accumulated volume at $2.85 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 $0.0665 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 6.93%.
Data I/O 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DAIO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Data I/O Corporation to open at $2.90, and during the day (based on 14 day Average True Range), to move between $2.71 and $3.09, which gives a possible trading interval of +/-$0.195 (+/-6.72%) 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 13.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.85 (1.72%) than the resistance at $3.01 (3.79%), 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?
The Data I/O Corporation stock holds several negative signals and despite the positive trend, we believe Data I/O Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.492 Sell Candidate Unchanged
Predicted Opening Price for Data I/O Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $2.90 ( 0.0747%) | $2.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.96 | 2.22 % | |
| R2 | 2.94 | 1.34 % | ||
| R1 | 2.92 | 0.80 % | ||
| Current price: | 2.90 | |||
| Support | S1 | 2.87 | -0.95 % | |
| S2 | 2.86 | -1.49 % | ||
| S3 | 2.83 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.50 | 20.69 % | |
| R2 | 3.14 | 8.28 % | ||
| R1 | 3.01 | 3.79 % | ||
| Current price | 2.90 | |||
| Support | S1 | 2.85 | -1.72% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DAIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 1989 | Mar 09, 1989 | Mar 08, 1989 | $4.15 | 44.27% |
FAQ
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