DIRTT Environmental Solutions Ltd. Stock Forecast
Green day on Thursday for DIRTT Environmental Solutions Ltd.
(Updated on Apr 25, 2024)
The DIRTT Environmental Solutions Ltd. stock price gained 1.52% on the last trading day (Thursday, 25th Apr 2024), rising from $0.660 to $0.670. During the last trading day the stock fluctuated 3.08% from a day low at $0.650 to a day high of $0.670. The price has fallen in 5 of the last 10 days and is down by -4.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 227 thousand more shares were traded than the day before. In total, 248 thousand shares were bought and sold for approximately $166.18 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.95% during the next 3 months and, with a 90% probability hold a price between $0.759 and $1.05 at the end of this 3-month period.
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DRT.TO Signals & Forecast
There are mixed signals in the stock today. The DIRTT Environmental Solutions Ltd. 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 $0.687. On a fall, the stock will find some support from the short-term average at $0.654. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -16.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). DIRTT Environmental Solutions Ltd. 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for DIRTT Environmental Solutions Ltd. stock
DIRTT Environmental Solutions Ltd. finds support from accumulated volume at $0.660 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 $0.0200 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DRT.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect DIRTT Environmental Solutions Ltd. to open at $0.663, and during the day (based on 14 day Average True Range), to move between $0.638 and $0.702, which gives a possible trading interval of +/-$0.0324 (+/-4.83%) up or down from last closing price. If DIRTT Environmental Solutions Ltd. takes out the full calculated possible swing range there will be an estimated 9.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.660 (1.49%) than the resistance at $0.690 (2.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DIRTT Environmental Solutions Ltd. stock A Buy?
DIRTT Environmental Solutions Ltd. 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: -1.882 Sell Candidate Unchanged
Predicted Opening Price for DIRTT Environmental Solutions Ltd. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.663 ( 1.00%) | $0.670 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRT.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.683 | 1.99 % | |
R2 | 0.676 | 0.85 % | ||
R1 | 0.671 | 0.145 % | ||
Current price: | 0.670 | |||
Support | S1 | 0.656 | -2.14 % | |
S2 | 0.651 | -2.84 % | ||
S3 | 0.643 | -3.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.750 | 11.94 % | |
R2 | 0.710 | 5.97 % | ||
R1 | 0.690 | 2.99 % | ||
Current price | 0.670 | |||
Support | S1 | 0.660 | -1.49% | |
S2 | 0.640 | -4.48% | ||
S3 | 0.530 | -20.90% |
FAQ
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