Dantax A/S Stock Forecast

Red day on Monday for Dantax A/S
(Updated on Jun 17, 2024)

DANT.CO Signals & Forecast

The Dantax A/S 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 kr488.29. On a fall, the stock will find some support from the long-term average at approximately kr441.60. 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). 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, June 12, 2024, and so far it has fallen -6.27%. Further fall is indicated until a new bottom pivot has been found. Dantax A/S gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Dantax A/S stock

On the downside, the stock finds support just below today's level from accumulated volume at kr406.00 and kr392.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dantax A/S finds support just below today's level at kr406.00. If this is broken, then the next support from accumulated volume will be at kr392.00 and kr386.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr30.00 between high and low, or 6.38%. For the last week, the stock has had daily average volatility of 2.74%.

Our recommended stop-loss: kr462.29 (-3.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (DANT.CO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Dantax A/S to open at kr482.67, and during the day (based on 14 day Average True Range), to move between kr468.53 and kr487.47, which gives a possible trading interval of +/-kr9.47 (+/-1.98%) up or down from last closing price. If Dantax A/S takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr496.00 (3.77%) than the support at kr406.00 (15.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Dantax A/S 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 Dantax A/S stock to perform well in the short-term.

Current score: 1.714 Buy Candidate Unchanged

Predicted Opening Price for Dantax A/S of Tuesday, June 18, 2024

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