Dalrada Financial Corporation Stock Forecast

A very red day for Dalrada Financial Corporation stock price after a -5.94% fall in the Thursday trading session
(Updated on Apr 25, 2024)

DFCO Signals & Forecast

The Dalrada Financial Corporation 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 $0.216. On a fall, the stock will find some support from the long-term average at approximately $0.185. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 3.42%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Dalrada Financial Corporation 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Dalrada Financial Corporation stock

Dalrada Financial Corporation finds support from accumulated volume at $0.195 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0170 between high and low, or 8.85%. For the last week, the stock has had daily average volatility of 8.05%.

Our recommended stop-loss: $0.190 (-3.55%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (DFCO) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Dalrada Financial Corporation to open at $0.199, and during the day (based on 14 day Average True Range), to move between $0.176 and $0.217, which gives a possible trading interval of +/-$0.0205 (+/-10.44%) up or down from last closing price. If Dalrada Financial Corporation takes out the full calculated possible swing range there will be an estimated 20.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.195 (0.81%) than the resistance at $0.199 (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dalrada Financial Corporation 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 Dalrada Financial Corporation stock to perform well in the short-term.

Current score: 3.609 Buy Candidate Unchanged

Predicted Opening Price for Dalrada Financial Corporation of Friday, April 26, 2024

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