Dorchester Minerals Stock Forecast

Sell candidate since May 05, 2025 Loss -1.32%

The Dorchester Minerals stock price fell by -0.586% on the last day (Thursday, 22nd May 2025) from $28.18 to $28.01. During the last trading day the stock fluctuated 2.68% from a day low at $28.00 to a day high of $28.75. The price has fallen in 6 of the last 10 days but is still up by 0.94% over the past 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 -10 thousand shares and in total, 46 thousand shares were bought and sold for approximately $1.28 million.

The stock lies in the middle of a 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 -7.94% during the next 3 months and, with a 90% probability hold a price between $23.50 and $26.93 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.

DMLP Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 07, 2025, and so far it has risen 3.05%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dorchester Minerals stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.24 and $28.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Dorchester Minerals stock

Dorchester Minerals finds support from accumulated volume at $27.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.750 between high and low, or 2.68%. For the last week the stock has had daily average volatility of 2.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DMLP) For The Upcoming Trading Day Of Friday 23rd

For the upcoming trading day on Friday, 23rd we expect Dorchester Minerals to open at $28.25, and during the day (based on 14 day Average True Range), to move between $27.29 and $28.73, which gives a possible trading interval of +/-$0.720 (+/-2.57%) up or down from last closing price. If Dorchester Minerals takes out the full calculated possible swing range there will be an estimated 5.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $28.13 (0.43%) than the support at $27.18 (2.96%), 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 Dorchester Minerals stock A Buy?

Dorchester Minerals holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.325 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on May 23, 2025 - $28.25 ( 0.87%).