Dubber Corporation Limited Stock Forecast

Weaker technical forecast for Dubber Corporation Limited as stock downgraded to Sell Candidate.
(Updated on May 31, 2024)

DUB.AX Signals & Forecast

There are mixed signals in the stock today. The Dubber Corporation Limited 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 $0.0459 and $0.0654. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has fallen 0%. 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 Dubber Corporation Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0010 between high and low, or 2.27%. For the last week, the stock has had daily average volatility of 3.10%.

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

Trading Expectations (DUB.AX) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Dubber Corporation Limited to open at $0.0443, and during the day (based on 14 day Average True Range), to move between $0.0408 and $0.0472, which gives a possible trading interval of +/-$0.0032 (+/-7.35%) up or down from last closing price. If Dubber Corporation Limited takes out the full calculated possible swing range there will be an estimated 14.71% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0480, some $0.0040 (9.09%) from the current price of $0.0440, our system finds the risk reward not very attractive.

Is Dubber Corporation Limited stock A Buy?

Dubber Corporation Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.683 Sell Candidate Downgraded

Predicted Opening Price for Dubber Corporation Limited of Monday, June 3, 2024

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