DIA USD Stock Forecast
Stronger technical forecast for DIA USD stock price after Friday trading.
(Updated on Jun 28, 2024)
The DIA USD stock price fell by -0.573% on the last day (Friday, 28th Jun 2024) from $0.435 to $0.432. During the last trading day the stock fluctuated 2.74% from a day low at $0.427 to a day high of $0.438. The price has been going up and down for this period, and there has been a 7.11% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 6 million shares were bought and sold for approximately $2.69 million.
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 -24.32% during the next 3 months and, with a 90% probability hold a price between $0.299 and $0.391 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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DIAUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 7.57%. 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. The DIA USD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.471. On a fall, the stock will find some support from the short-term average at $0.419. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for DIA USD stock
DIA USD finds support from accumulated volume at $0.423 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0117 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 4.55%.
Our recommended stop-loss: $0.408 (-5.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (DIAUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect DIA USD to open at $0.433, and during the day (based on 14 day Average True Range), to move between $0.402 and $0.462, which gives a possible trading interval of +/-$0.0300 (+/-6.93%) up or down from last closing price. If DIA USD takes out the full calculated possible swing range there will be an estimated 13.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.440 (1.73%) than the support at $0.423 (2.07%), 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 DIA USD stock A Buy?
DIA USD 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.109 Hold/Accumulate Upgraded
Predicted Opening Price for DIA USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.433 ( 0.0231%) | $0.432 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.444 | 2.72% |
| R2 | 0.440 | 1.69% |
| R1 | 0.437 | 1.05% |
| Price | 0.432 | |
| S1 | 0.428 | -1.01% |
| S2 | 0.425 | -1.65% |
| S3 | 0.421 | -2.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.476 | 10.08% |
| R2 | 0.458 | 5.88% |
| R1 | 0.440 | 1.73% |
| Price | 0.432 | |
| S1 | 0.423 | -2.07% |
| S2 | 0.419 | -3.00% |
| S3 | 0.404 | -6.64% |
FAQ
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