Deswell Industries Stock Forecast
Deswell Industries stock price down 0.369% on Friday
(Updated on May 26, 2023)
The Deswell Industries stock price fell by -0.369% on the last day (Friday, 26th May 2023) from $2.71 to $2.70. During the last trading day the stock fluctuated 5.80% from a day low at $2.70 to a day high of $2.86. The price has fallen in 6 of the last 10 days and is down by -2.88% for this period. Volume has increased on the last day by 429 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $2.86 thousand.
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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.92% during the next 3 months and, with a 90% probability hold a price between $2.37 and $2.63 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.
DSWL Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 01, 2023, and so far it has fallen -3.93%. 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). Deswell Industries gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. 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 $2.70 and $2.68. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Deswell Industries stock
Deswell Industries finds support from accumulated volume at $2.66 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 $0.157 between high and low, or 5.80%. For the last week the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSWL) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Deswell Industries to open at $2.75, and during the day (based on 14 day Average True Range), to move between $2.63 and $2.77, which gives a possible trading interval of +/-$0.0711 (+/-2.63%) up or down from last closing price. If Deswell Industries takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.66 (1.65%) than the resistance at $2.75 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Deswell Industries stock A Buy?
Deswell Industries 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: -2.619 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Deswell Industries of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $2.75 | $2.70 (Undervalued) |
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Trading levels for DSWL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.91 | 7.73 % | |
| R2 | 2.85 | 5.51 % | ||
| R1 | 2.81 | 4.15 % | ||
| Current price: | 2.70 | |||
| Support | S1 | 2.69 | -0.282 % | |
| S2 | 2.66 | -1.65 % | ||
| S3 | 2.60 | -3.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.91 | 7.78 % | |
| R2 | 2.86 | 5.92 % | ||
| R1 | 2.75 | 1.85 % | ||
| Current price | 2.70 | |||
| Support | S1 | 2.66 | -1.65% | |
| S2 | 2.65 | -1.85% | ||
| S3 | 2.59 | -4.07% |
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About Deswell Industries
Deswell Industries, Inc. manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. It operates in two segments, Plastic Injection Molding and Electronic Products Assembling. The company produces a range of plastic parts and components that are used in the manufacture of consumer and industrial ... DSWL Profile
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