Dusk Group Limited Stock Forecast

Dusk Group Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)

DSK.AX Signals & Forecast

There are mixed signals in the stock today. The Dusk Group Limited 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 $0.794. On a fall, the stock will find some support from the short-term average at $0.769. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 4.76%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Dusk Group Limited stock

Dusk Group Limited finds support from accumulated volume at $0.760 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0100 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 2.62%

Our recommended stop-loss: $0.741 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (DSK.AX) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Dusk Group Limited to open at $0.770, and during the day (based on 14 day Average True Range), to move between $0.748 and $0.792, which gives a possible trading interval of +/-$0.0221 (+/-2.86%) up or down from last closing price. If Dusk Group Limited takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.775 (0.65%) than the support at $0.760 (1.30%), 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.

Is Dusk Group Limited stock A Buy?

Dusk Group Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.270 Hold/Accumulate Upgraded

Predicted Opening Price for Dusk Group Limited of Monday, May 20, 2024

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