RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DMLP
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Weaker technical forecast for Dorchester Minerals as stock downgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 8.29% PDF

The Dorchester Minerals stock price fell by -0.765% on the last day (Thursday, 28th Mar 2024) from $33.98 to $33.72. During the last trading day the stock fluctuated 1.52% from a day low at $33.52 to a day high of $34.03. The price has risen in 6 of the last 10 days and is up by 4.3% over the past 2 weeks. Volume has increased on the last day by 10 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, 47 thousand shares were bought and sold for approximately $1.58 million.

The stock lies in the upper part of a wide and weak rising 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 $34.24 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.20% during the next 3 months and, with a 90% probability hold a price between $31.08 and $35.33 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

DMLP Signals & Forecast

The Dorchester Minerals 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 $33.50 and $31.55. 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, March 27, 2024, and so far it has fallen -0.765%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Dorchester Minerals stock

Dorchester Minerals finds support from accumulated volume at $33.47 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 $0.510 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 2.05%.

Our recommended stop-loss: $32.78 (-2.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (DMLP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Dorchester Minerals to open at $33.76, and during the day (based on 14 day Average True Range), to move between $33.07 and $34.37, which gives a possible trading interval of +/-$0.649 (+/-1.93%) up or down from last closing price. If Dorchester Minerals takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $33.47 (0.74%) than the resistance at $33.98 (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dorchester Minerals stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dorchester Minerals stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.067 Buy Candidate Downgraded

Predicted Opening Price for Dorchester Minerals of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$33.76 ( 0.109%) $33.72

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

Trading levels for DMLP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 34.27 1.62 %
R2 34.07 1.04 %
R1 33.95 0.686 %
Current price: 33.72
Support S1 33.56 -0.469 %
S2 33.44 -0.83 %
S3 33.25 -1.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 33.98 0.771 %
Current price 33.72
Support S1 33.47 -0.741%
S2 31.14 -7.65%
S3 29.47 -12.60%

DMLP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 18, 2024 Jan 26, 2024 Feb 08, 2024 $1.01 3.37%
2 Oct 19, 2023 Oct 27, 2023 Nov 09, 2023 $0.85 3.04%
3 Jul 20, 2023 Jul 28, 2023 Aug 10, 2023 $0.677 2.32%
4 Apr 20, 2023 Apr 28, 2023 May 11, 2023 $0.99 3.46%
5 Jan 19, 2023 Jan 27, 2023 Feb 09, 2023 $0.88 2.99%

FAQ

What is the symbol for Dorchester Minerals Stock and on which exchange is it traded?
The symbol for Dorchester Minerals is DMLP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Dorchester Minerals Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dorchester Minerals stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Dorchester Minerals Stock?
Dorchester Minerals Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dorchester Minerals Stock.

What's the current price of Dorchester Minerals Stock?
As of the end of day on the 2024-03-28, the price of an Dorchester Minerals (DMLP) share was $33.72.

What is the 52-week high and low for Dorchester Minerals Stock?
The 52-week high for Dorchester Minerals Stock is $34.03 and the 52-week low is $27.05.

What is the market capitalization of Dorchester Minerals Stock?
As of the 2024-03-28, the market capitalization of Dorchester Minerals is 1.335B.

When is the next earnings date for Dorchester Minerals?
The upcoming earnings date for Dorchester Minerals is May 02, 2024.
Click to get the best stock tips daily for free!

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 profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in ... DMLP Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT