DIRTT Environmental Solutions Ltd. 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:
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
DIRTT Environmental Solutions Ltd. stock price down 0% on Friday
(Updated on May 03, 2024)
No changes to the price of DIRTT Environmental Solutions Ltd. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 1.43% from a day low at $0.700 to a day high of $0.710. The price has been going up and down for this period, and there has been a 7.58% gain for the last 2 weeks.
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 15.21% during the next 3 months and, with a 90% probability hold a price between $0.726 and $0.98 at the end of this 3-month period.
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DRT.TO Signals & Forecast
The DIRTT Environmental Solutions Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.691 and $0.693. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -11.25%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for DIRTT Environmental Solutions Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.670 and $0.660. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DIRTT Environmental Solutions Ltd. finds support just below today's level at $0.670. If this is broken, then the next support from accumulated volume will be at $0.660 and $0.640.
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 $0.0100 between high and low, or 1.43%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $0.670 (-5.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (DRT.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect DIRTT Environmental Solutions Ltd. to open at $0.707, and during the day (based on 14 day Average True Range), to move between $0.684 and $0.736, which gives a possible trading interval of +/-$0.0261 (+/-3.68%) 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 7.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.740 (4.23%) than the support at $0.670 (5.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
DIRTT Environmental Solutions Ltd. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for DIRTT Environmental Solutions Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 17.07% in the first trading day after earnings release.
Is DIRTT Environmental Solutions Ltd. stock A Buy?
DIRTT Environmental Solutions Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.322 Hold/Accumulate Unchanged
Predicted Opening Price for DIRTT Environmental Solutions Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.707 ( 0.469%) | $0.710 |
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 | 0.717 | 0.94 % | |
| R2 | 0.713 | 0.401 % | ||
| R1 | 0.710 | 0.0685 % | ||
| Current price: | 0.710 | |||
| Support | S1 | 0.703 | -1.01 % | |
| S2 | 0.700 | -1.34 % | ||
| S3 | 0.697 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.80 | 12.68 % | |
| R2 | 0.750 | 5.63 % | ||
| R1 | 0.740 | 4.23 % | ||
| Current price | 0.710 | |||
| Support | S1 | 0.670 | -5.63% | |
| S2 | 0.660 | -7.04% | ||
| S3 | 0.640 | -9.86% |
FAQ
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