Diamondhead Casino Corporation Stock Forecast
Red day on Thursday for Diamondhead Casino Corporation stock after losing 0%
(Updated on May 16, 2024)
No changes to the price of Diamondhead Casino Corporation stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.147 to a day high of $0.147. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.148 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.49% during the next 3 months and, with a 90% probability hold a price between $0.0763 and $0.123 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.
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DHCC Signals & Forecast
The Diamondhead Casino Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.147 and $0.143. A breakdown below any of these levels will issue sell signals. 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, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Diamondhead Casino Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.138 and $0.138. 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, Diamondhead Casino Corporation finds support just below today's level at $0.138. If this is broken, then the next support from accumulated volume will be at $0.138 and $0.130.
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 0%
Our recommended stop-loss: $0.141 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DHCC) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Diamondhead Casino Corporation to open at $0.147, and during the day (based on 14 day Average True Range), to move between $0.137 and $0.157, which gives a possible trading interval of +/-$0.0098 (+/-6.67%) up or down from last closing price. If Diamondhead Casino Corporation takes out the full calculated possible swing range there will be an estimated 13.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.149 (1.36%) than the support at $0.138 (6.12%), 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 Diamondhead Casino Corporation stock A Buy?
Diamondhead Casino Corporation 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Diamondhead Casino Corporation of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.147 ( 0%) | $0.147 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHCC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.147 | . | |
| R2 | 0.147 | . | ||
| R1 | 0.147 | . | ||
| Current price: | 0.147 | |||
| Support | S1 | 0.147 | . | |
| S2 | 0.147 | . | ||
| S3 | 0.147 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.165 | 12.24 % | |
| R2 | 0.154 | 4.76 % | ||
| R1 | 0.149 | 1.36 % | ||
| Current price | 0.147 | |||
| Support | S1 | 0.138 | -6.12% | |
| S2 | 0.138 | -6.19% | ||
| S3 | 0.130 | -11.77% |
FAQ
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