Dimerix Limited Stock Forecast
Dimerix Limited stock upgraded to Buy Candidate.
(Updated on May 21, 2024)
The Dimerix Limited stock price fell by -2.82% on the last day (Tuesday, 21st May 2024) from $0.355 to $0.345. During the last trading day the stock fluctuated 5.88% from a day low at $0.340 to a day high of $0.360. The price has fallen in 6 of the last 10 days. Volume has increased on the last day by 4 thousand 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, 4 million shares were bought and sold for approximately $1.33 million.
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 41.19% during the next 3 months and, with a 90% probability hold a price between $0.420 and $0.535 at the end of this 3-month period.
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DXB.AX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -8.00%. 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). Dimerix Limited 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 Dimerix Limited 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 $0.345 and $0.318. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Dimerix Limited stock
Dimerix Limited finds support from accumulated volume at $0.340 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0200 between high and low, or 5.88%. For the last week, the stock has had daily average volatility of 7.10%.
Our recommended stop-loss: $0.329 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (DXB.AX) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Dimerix Limited to open at $0.348, and during the day (based on 14 day Average True Range), to move between $0.323 and $0.367, which gives a possible trading interval of +/-$0.0219 (+/-6.35%) up or down from last closing price. If Dimerix Limited takes out the full calculated possible swing range there will be an estimated 12.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.340 (1.45%) than the resistance at $0.350 (1.45%), 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?
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 Dimerix Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.424 Buy Candidate Upgraded
Predicted Opening Price for Dimerix Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $0.348 ( 0.97%) | $0.345 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXB.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.368 | 6.76 % | |
| R2 | 0.361 | 4.55 % | ||
| R1 | 0.356 | 3.18 % | ||
| Current price: | 0.345 | |||
| Support | S1 | 0.341 | -1.25 % | |
| S2 | 0.336 | -2.62 % | ||
| S3 | 0.328 | -4.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.375 | 8.70 % | |
| R2 | 0.360 | 4.35 % | ||
| R1 | 0.350 | 1.45 % | ||
| Current price | 0.345 | |||
| Support | S1 | 0.340 | -1.45% | |
| S2 | 0.335 | -2.90% | ||
| S3 | 0.315 | -8.70% |
DXB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 1999 | Sep 24, 1999 | May 21, 1999 | $1.24 | 2.42% |
| 2 | Sep 09, 1998 | Sep 18, 1998 | Oct 23, 1998 | $6.93 | 222.22% |
FAQ
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