DATA Communications Management Corp. Stock Forecast
DATA Communications Management Corp. stock price down 0% on Friday
(Updated on May 24, 2024)
No changes to the price of DATA Communications Management Corp. stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 0% from a day low at $2.77 to a day high of $2.77. The price has fallen in 6 of the last 10 days and is down by -11.22% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.20% during the next 3 months and, with a 90% probability hold a price between $2.09 and $2.69 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DCM.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has fallen 0%. 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 Communications Management Corp. 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 $2.88 and $3.06. 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 Communications Management Corp. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.46%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DCM.TO) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect DATA Communications Management Corp. to open at $2.77, and during the day (based on 14 day Average True Range), to move between $2.67 and $2.87, which gives a possible trading interval of +/-$0.1000 (+/-3.61%) up or down from last closing price. If DATA Communications Management Corp. takes out the full calculated possible swing range there will be an estimated 7.22% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.07, some $0.300 (10.83%) from the current price of $2.77, our system finds the risk reward not very attractive.
Is DATA Communications Management Corp. stock A Buy?
DATA Communications Management Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.943 Sell Candidate Unchanged
Predicted Opening Price for DATA Communications Management Corp. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| $2.77 ( 0%) | $2.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCM.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.77 | . | |
| R2 | 2.77 | . | ||
| R1 | 2.77 | . | ||
| Current price: | 2.77 | |||
| Support | S1 | 2.77 | . | |
| S2 | 2.77 | . | ||
| S3 | 2.77 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.46 | 24.91 % | |
| R2 | 3.10 | 11.91 % | ||
| R1 | 3.07 | 10.83 % | ||
| Current price | 2.77 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2013 | Sep 26, 2013 | Oct 15, 2013 | $7.50 | 4.36% |
| 2 | May 08, 2013 | Jun 26, 2013 | Jul 15, 2013 | $7.50 | 4.34% |
| 3 | Mar 06, 2013 | Mar 26, 2013 | Apr 15, 2013 | $7.50 | 3.71% |
| 4 | Dec 13, 2012 | Dec 27, 2012 | Jan 15, 2013 | $5.40 | 2.56% |
| 5 | Nov 16, 2012 | Nov 28, 2012 | Dec 14, 2012 | $5.40 | 2.49% |
FAQ
Click here for our free guide on how to buy DATA Communications Management Corp. Stock.
