Deswell Industries Stock Forecast
Deswell Industries stock price down 0% on Thursday
(Updated on Apr 18, 2024)
No changes to the price of Deswell Industries stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $2.31 to a day high of $2.31. The price has risen in 6 of the last 10 days and is up by 3.5% over the past 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.27% during the next 3 months and, with a 90% probability hold a price between $1.89 and $2.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DSWL Signals & Forecast
Mostly positive signals in the chart today. The Deswell Industries 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 $2.29 and $2.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 6.70%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Deswell Industries stock
Deswell Industries finds support from accumulated volume at $2.27 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: $2.21 (-4.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (DSWL) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Deswell Industries to open at $2.31, and during the day (based on 14 day Average True Range), to move between $2.27 and $2.35, which gives a possible trading interval of +/-$0.0439 (+/-1.90%) up or down from last closing price. If Deswell Industries takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.33 (0.87%) than the support at $2.27 (1.73%), 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 Deswell Industries stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.773 Buy Candidate Unchanged
Predicted Opening Price for Deswell Industries of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.31 ( 0%) | $2.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSWL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.31 | . | |
| R2 | 2.31 | . | ||
| R1 | 2.31 | . | ||
| Current price: | 2.31 | |||
| Support | S1 | 2.31 | . | |
| S2 | 2.31 | . | ||
| S3 | 2.31 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.48 | 7.36 % | |
| R2 | 2.37 | 2.60 % | ||
| R1 | 2.33 | 0.87 % | ||
| Current price | 2.31 | |||
| Support | S1 | 2.27 | -1.73% | |
| S2 | 2.24 | -3.03% | ||
| S3 | 2.22 | -3.90% |
DSWL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 17, 2023 | Nov 30, 2023 | Dec 21, 2023 | $0.100 | 3.94% |
| 2 | Jun 20, 2023 | Jul 03, 2023 | Jul 20, 2023 | $0.100 | 3.88% |
| 3 | Nov 17, 2022 | Nov 30, 2022 | Dec 22, 2022 | $0.100 | 3.10% |
| 4 | Jun 16, 2022 | Jun 29, 2022 | Jul 15, 2022 | $0.100 | 3.26% |
| 5 | Nov 22, 2021 | Dec 03, 2021 | Dec 22, 2021 | $0.100 | 2.56% |
FAQ
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