Dear Cashmere Holding Company Stock Forecast

Big movements in Dear Cashmere Holding Company stock price on Friday moving 23.54% between high and low
(Updated on May 17, 2024)

DRCR Signals & Forecast

The Dear Cashmere Holding Company 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 $0.132 and $0.118. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 173.06%. Further rise is indicated until a new top pivot has been found. Dear Cashmere Holding Company 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Dear Cashmere Holding Company stock

Dear Cashmere Holding Company finds support from accumulated volume at $0.149 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 $0.0314 between high and low, or 23.54%. For the last week, the stock has had daily average volatility of 15.55%.

Our recommended stop-loss: $0.145 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (DRCR) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Dear Cashmere Holding Company to open at $0.150, and during the day (based on 14 day Average True Range), to move between $0.134 and $0.168, which gives a possible trading interval of +/-$0.0166 (+/-11.02%) up or down from last closing price. If Dear Cashmere Holding Company takes out the full calculated possible swing range there will be an estimated 22.05% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.149, some $0.0021 (1.39%) from the current price of $0.151, our system finds the risk reward attractive.

Is Dear Cashmere Holding Company stock A Buy?

Dear Cashmere Holding Company holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.469 Strong Buy Candidate Upgraded

Predicted Opening Price for Dear Cashmere Holding Company of Monday, May 20, 2024

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