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Deswell Industries Stock Forecast NASDAQ:DSWL

$4.10 (-1.20%)

Volume: 5k

Closed: Dec 08, 2021

Hollow Logo Score: -2.623

Deswell Industries Stock Forecast

$4.10 (-1.20%)

Volume: 5k

Closed: Dec 08, 2021

Score Hollow Logo -2.623
Which way will DSWL go? Request

DSWL Stock Risk

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 1.99%. For the last week the stock has had a daily average volatility of 11.85%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 34 and the stock is currently not being overbought or oversold

Red day on Wednesday for Deswell Industries
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-02 Gain 1.23%

The Deswell Industries stock price fell by -1.20% on the last day (Wednesday, 8th Dec 2021) from $4.15 to $4.10. During the day the stock fluctuated 1.99% from a day low at $4.02 to a day high of $4.10. The price has fallen in 6 of the last 10 days and is down by -17.84% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 5 thousand shares were bought and sold for approximately $18.66 thousand.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.24% during the next 3 months and, with a 90% probability hold a price between $4.54 and $5.90 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 4.86%. 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 Deswell Industries 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 $4.24 and $4.31. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Deswell Industries finds support from accumulated volume at $4.05 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 1.99%. For the last week the stock has had a daily average volatility of 11.85%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Deswell Industries stock A Buy?

The Deswell Industries stock holds several negative signals and despite the positive trend, we believe Deswell Industries will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.623

Predicted Opening Price for Deswell Industries of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$4.07 $4.10 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 11.85 %
Overall Risk: Very High High Medium Low Very Low
Volatility
11.85 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $4.15
Price: $4.10
Support: $4.05

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.15 1.30 %
4.12 0.56 %
4.10 0.0950 %
Current price: 4.10
Support 4.04 -1.40 %
4.02 -1.86 %
3.99 -2.60 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.00 21.95 %
4.80 17.07 %
4.15 1.22 %
Current price 4.10
Support 4.05 -1.22%
3.93 -4.15%
3.70 -9.76%

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About Deswell Industries

Deswell Industries, Inc. manufactures and sells injection-molded plastic parts and components; and assembles electronic products for original equipment manufacturers and contract manufacturers. It produces a range of plastic parts and components that are used in the manufacture of consumer and industrial products, which include plastic components of electronic entertainment products; cases for flashlights, telephones, paging machines, projectors,... Read more

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