Dimerix Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=7af89690dc608c90c3195b6dbe9356f97168a843)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Dimerix Limited stock price on Thursday moving between $0.410 and $0.485
(Updated on Jul 04, 2024)
No changes to the price of Dimerix Limited stock on the last trading day (Thursday, 4th Jul 2024). During the last trading day the stock fluctuated 18.29% from a day low at $0.410 to a day high of $0.485. The price has fallen in 5 of the last 10 days and is down by -22.95% for this period.
Given the current short-term trend, the stock is expected to rise 83.85% during the next 3 months and, with a 90% probability hold a price between $0.86 and $1.32 at the end of this 3-month period.
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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
Fair opening price July 5, 2024 | Current price |
---|---|
$0.455 ( 3.19%) | $0.470 |
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 | |
---|---|---|
R3 | 0.530 | 12.77% |
R2 | 0.501 | 6.67% |
R1 | 0.484 | 2.90% |
Price | 0.470 | |
S1 | 0.426 | -9.29% |
S2 | 0.409 | -13.05% |
S3 | 0.380 | -19.15% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.540 | 14.89% |
R2 | 0.530 | 12.77% |
R1 | 0.495 | 5.32% |
Price | 0.470 | |
S1 | 0.455 | -3.19% |
S2 | 0.425 | -9.57% |
S3 | 0.390 | -17.02% |
DXB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 1999 | Sep 24, 1999 | May 21, 1999 | $1.24 | 0% |
2 | Sep 09, 1998 | Sep 18, 1998 | Oct 23, 1998 | $6.93 | 0% |
FAQ
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