Dynagas LNG Partners LP Stock Forecast

On Monday, Dynagas LNG Partners LP stock price gained an impressive 9.40%
(Updated on Apr 29, 2024)

DLNG Signals & Forecast

Mostly positive signals in the chart today. The Dynagas LNG Partners LP 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 $3.55 and $3.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 50.00%. 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). Dynagas LNG Partners LP has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Dynagas LNG Partners LP stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.57 and $2.93. 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, Dynagas LNG Partners LP finds support just below today's level at $3.57. If this is broken, then the next support from accumulated volume will be at $2.93 and $2.89.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.318 between high and low, or 8.96%. For the last week, the stock has had daily average volatility of 7.79%.

The Dynagas LNG Partners LP stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $3.71 (-3.44%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (DLNG) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Dynagas LNG Partners LP to open at $3.75, and during the day (based on 14 day Average True Range), to move between $3.66 and $4.02, which gives a possible trading interval of +/-$0.183 (+/-4.77%) up or down from last closing price. If Dynagas LNG Partners LP takes out the full calculated possible swing range there will be an estimated 9.55% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $3.57, some $0.270 (7.03%) from the current price of $3.84, our system finds the risk reward attractive.

Is Dynagas LNG Partners LP stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Dynagas LNG Partners LP stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.713 Strong Buy Candidate Upgraded

Predicted Opening Price for Dynagas LNG Partners LP of Tuesday, April 30, 2024

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