Dih Holdings Us, Inc. Class A Common Stock Forecast
Weaker technical forecast for Dih Holdings Us, Inc. Class A Common as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Dih Holdings Us, Inc. Class A Common stock price fell by -3.26% on the last day (Friday, 28th Jun 2024) from $2.76 to $2.67. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 8.14% from a day low at $2.58 to a day high of $2.79. The price has been going up and down for this period, and there has been a 5.53% gain for the last 2 weeks. Volume has increased on the last day by 51 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 102 thousand shares were bought and sold for approximately $272.24 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 101.77% during the next 3 months and, with a 90% probability hold a price between $4.07 and $6.94 at the end of this 3-month period.
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DHAI Signals & Forecast
The Dih Holdings Us, Inc. Class A Common 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 $2.99. On a fall, the stock will find some support from the long-term average at approximately $2.08. 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 Friday, June 21, 2024, and so far it has fallen -19.09%. Further fall is indicated until a new bottom pivot has been found. Dih Holdings Us, Inc. Class A Common 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 Dih Holdings Us, Inc. Class A Common stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.53 and $2.37. 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, Dih Holdings Us, Inc. Class A Common finds support just below today's level at $2.53. If this is broken, then the next support from accumulated volume will be at $2.37 and $2.20.
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 $0.210 between high and low, or 8.14%. For the last week, the stock has had daily average volatility of 7.83%.
Our recommended stop-loss: $2.59 (-3.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (DHAI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dih Holdings Us, Inc. Class A Common Stock to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.45 and $2.89, which gives a possible trading interval of +/-$0.225 (+/-8.41%) up or down from last closing price. If Dih Holdings Us, Inc. Class A Common Stock takes out the full calculated possible swing range there will be an estimated 16.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.53 (5.24%) than the resistance at $2.85 (6.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dih Holdings Us, Inc. Class A Common Stock stock A Buy?
Dih Holdings Us, Inc. Class A Common holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.458 Hold/Accumulate Downgraded
Predicted Opening Price for Dih Holdings Us, Inc. Class A Common Stock of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $2.68 ( 0.375%) | $2.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHAI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.89 | 8.24% |
| R2 | 2.81 | 5.24% |
| R1 | 2.76 | 3.38% |
| Price | 2.67 | |
| S1 | 2.60 | -2.63% |
| S2 | 2.55 | -4.49% |
| S3 | 2.47 | -7.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.30 | 23.60% |
| R2 | 3.23 | 20.97% |
| R1 | 2.85 | 6.74% |
| Price | 2.67 | |
| S1 | 2.53 | -5.24% |
| S2 | 2.37 | -11.24% |
| S3 | 2.20 | -17.60% |
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