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Dorchester Minerals Stock Forecast NASDAQ:DMLP

$18.33 (-2.34%)

Volume: 58k

Closed: Nov 26, 2021

Hollow Logo Score: -2.639

Dorchester Minerals Stock Forecast

$18.33 (-2.34%)

Volume: 58k

Closed: Nov 26, 2021

Score Hollow Logo -2.639
Which way will DMLP go? Request
Key Stats
Beta 0.67
Trailing Dividend Rate 8.12% ($1.49)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the stock is currently not being overbought or oversold

Red day on Friday for Dorchester Minerals stock after losing 2.34%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-17 Gain 2.06%

The Dorchester Minerals stock price fell by -2.34% on the last day (Friday, 26th Nov 2021) from $18.77 to $18.33. During the day the stock fluctuated 3.93% from a day low at $17.80 to a day high of $18.50. The price has been going up and down for this period, and there has been a -4.03% loss for the last 2 weeks. Volume has increased on the last day by 6 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, 58 thousand shares were bought and sold for approximately $1.07 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.97 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.14% during the next 3 months and, with a 90% probability hold a price between $20.15 and $24.56 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Dorchester Minerals 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 $19.39. On a fall, the stock will find some support from the short-term average at $18.20. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Dorchester Minerals 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". A buy signal was issued from a pivot bottom point on Friday, November 19, 2021, and so far it has risen 2.86%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Dorchester Minerals finds support from accumulated volume at $18.00 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 $0.70 between high and low, or 3.93%. For the last week, the stock has had a daily average volatility of 3.81%.

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

Is Dorchester Minerals stock A Buy?

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

Current score: -2.639

Predicted Opening Price for Dorchester Minerals of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$18.21 $18.33 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 3.81 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.81 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $18.95
Price: $18.33
Support: $18.00

DMLP Insider Trading Show all Trades

INSIDER POWER

0.452

Last 100 transactions
Buy: 250 563 | Sell: 554 389 (Shares)
Date Action Amount Person Type
Nov 05, 2021 Buy 375 Dorchester Minerals Operating Lp Common Units
Nov 04, 2021 Buy 1 000 Dorchester Minerals Operating Lp Common Units
Nov 04, 2021 Buy 1 000 Dorchester Minerals Operating Lp Common Units
Nov 04, 2021 Buy 1 000 Dorchester Minerals Operating Lp Common Units
Nov 04, 2021 Buy 3 000 Dorchester Minerals Operating Lp Common Units
Show all Insider Trades
INSIDER POWER

0.452

Last 100 transactions
Buy: 250 563 | Sell: 554 389 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 18.91 3.16 %
18.64 1.71 %
18.48 0.80 %
Current price: 18.33
Support 17.94 -2.11 %
17.78 -3.01 %
17.51 -4.47 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 20.62 12.49 %
20.33 10.91 %
18.95 3.38 %
Current price 18.33
Support 18.00 -1.80%
17.80 -2.89%
17.22 -6.06%

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About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company’s royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net prof... Read more

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