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$3.90 (-8.45%)

Volume: 113k

Closed: Nov 26, 2021

Hollow Logo Score: 1.984

DAVIDsTEA Inc. Stock Forecast

$3.90 (-8.45%)

Volume: 113k

Closed: Nov 26, 2021

Score Hollow Logo 1.984
Which way will DTEA go? Request
Stop-loss: $3.67 (-5.94%)
Earnings Date: Dec 14, 2021
Key Stats
Beta 1.69
* 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 - 80 ] RSI14 is 53 and the stock is currently not being overbought or oversold

DAVIDsTEA Inc. stock price fell more than -8.45% Friday closing at $3.90
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-03 Gain 14.04%

The DAVIDsTEA Inc. stock price fell by -8.45% on the last day (Friday, 26th Nov 2021) from $4.26 to $3.90. During the day the stock fluctuated 8.38% from a day low at $3.82 to a day high of $4.14. The price has risen in 6 of the last 10 days, but is still down by -8.45% 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 -268 thousand shares and in total, 113 thousand shares were bought and sold for approximately $440.52 thousand.

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 30.46% during the next 3 months and, with a 90% probability hold a price between $4.28 and $6.05 at the end of this 3-month period.

Signals & Forecast

The DAVIDsTEA Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $4.13. On a fall, the stock will find some support from the long-term average at approximately $3.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, November 15, 2021, and so far it has fallen -13.33%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $3.58 and $3.56. There is 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, DAVIDsTEA Inc. finds support just below today's level at $3.58. If this is broken, then the next support from accumulated volume will be at $3.56 and $3.29.

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 $0.32 between high and low, or 8.38%. For the last week the stock has had a daily average volatility of 9.42%.

Our recommended stop-loss: $3.67 (-5.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Is DAVIDsTEA Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for DAVIDsTEA Inc. stock to perform well in the short-term.

Current score: 1.984

Predicted Opening Price for DAVIDsTEA Inc. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$3.95 $3.90 (Undervalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 9.42 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.42 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $4.20
Price: $3.90
Support: $3.58

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.27 9.57 %
4.15 6.44 %
4.08 4.50 %
Current price: 3.90
Support 3.83 -1.77 %
3.76 -3.70 %
3.63 -6.84 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 4.50 15.38 %
4.26 9.23 %
4.20 7.69 %
Current price 3.90
Support 3.58 -8.21%
3.56 -8.72%
3.29 -15.64%

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