Dynex USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=db79367c3ca3f6ee888b481569cb3d2b86ba1607)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=db79367c3ca3f6ee888b481569cb3d2b86ba1607)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=db79367c3ca3f6ee888b481569cb3d2b86ba1607)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Dynex USD stock price on Wednesday which ended trading at $0.595
(Updated on Jun 26, 2024)
The Dynex USD stock price gained 2.20% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.582 to $0.595. During the last trading day the stock fluctuated 11.28% from a day low at $0.563 to a day high of $0.627. The price has fallen in 6 of the last 10 days and is down by -29.91% for this period. Volume fell on the last day by -381 thousand shares and in total, 2 million shares were bought and sold for approximately $991.66 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -3.12% during the next 3 months and, with a 90% probability hold a price between $0.387 and $0.85 at the end of this 3-month period.
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DNXUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 12.44%. 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 Dynex USD 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 $0.612 and $0.613. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Dynex USD stock
Dynex USD finds support from accumulated volume at $0.581 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0635 between high and low, or 11.28%. For the last week the stock has had daily average volatility of 12.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DNXUSD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Dynex USD to open at $0.595, and during the day (based on 14 day Average True Range), to move between $0.512 and $0.679, which gives a possible trading interval of +/-$0.0833 (+/-13.99%) up or down from last closing price. If Dynex USD takes out the full calculated possible swing range there will be an estimated 27.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.581 (2.44%) than the resistance at $0.674 (13.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dynex USD stock A Buy?
Dynex USD holds several negative signals and is within a very 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: -3.259 Sell Candidate Unchanged
Predicted Opening Price for Dynex USD of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$0.595 ( 0.0325%) | $0.595 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNXUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.659 | 10.64% |
R2 | 0.634 | 6.56% |
R1 | 0.619 | 4.05% |
Price | 0.595 | |
S1 | 0.571 | -4.11% |
S2 | 0.556 | -6.63% |
S3 | 0.532 | -10.71% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.741 | 24.49% |
R2 | 0.696 | 16.84% |
R1 | 0.674 | 13.15% |
Price | 0.595 | |
S1 | 0.581 | -2.44% |
S2 | 0.557 | -6.45% |
S3 | 0.529 | -11.07% |
FAQ
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