Dimerix Limited Stock Forecast

Volatile ride for Dimerix Limited stock price on Thursday moving between $0.410 and $0.485
(Updated on Jul 04, 2024)

DXB.AX Signals & Forecast

The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dimerix Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.509 and $0.489. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -27.13%. 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).

Support, Risk & Stop-loss for Dimerix Limited stock

Dimerix Limited finds support from accumulated volume at $0.455 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0750 between high and low, or 18.29%. For the last week, the stock has had daily average volatility of 9.48%.

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

Trading Expectations (DXB.AX) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Dimerix Limited to open at $0.455, and during the day (based on 14 day Average True Range), to move between $0.425 and $0.515, which gives a possible trading interval of +/-$0.0452 (+/-9.61%) up or down from last closing price. If Dimerix Limited takes out the full calculated possible swing range there will be an estimated 19.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.455 (3.19%) than the resistance at $0.495 (5.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dimerix Limited stock A Buy?

The Dimerix Limited stock holds several negative signals and despite the positive trend, we believe Dimerix Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.106 Sell Candidate Upgraded

Predicted Opening Price for Dimerix Limited of Friday, July 5, 2024

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