DexCom Stock Forecast
Volatile ride for DexCom stock price on Friday moving between $124.08 and $138.81
(Updated on Apr 26, 2024)
The DexCom stock price fell by -9.91% on the last day (Friday, 26th Apr 2024) from $138.01 to $124.34. During the last trading day the stock fluctuated 11.87% from a day low at $124.08 to a day high of $138.81. The price has risen in 6 of the last 10 days but is still down by -8.67% for this period. Volume has increased on the last day by 4 million 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, 9 million shares were bought and sold for approximately $1.06 billion.
Given the current short-term trend, the stock is expected to rise 17.57% during the next 3 months and, with a 90% probability hold a price between $146.18 and $170.46 at the end of this 3-month period.
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DXCM Signals & Forecast
There are few to no technical positive signals at the moment. The DexCom 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 $132.96 and $135.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -11.47%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for DexCom stock
DexCom finds support from accumulated volume at $120.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $14.73 (11.87%) between high and low. For the last week, the stock has had daily average volatility of 5.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DXCM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect DexCom to open at $129.08, and during the day (based on 14 day Average True Range), to move between $119.37 and $129.31, which gives a possible trading interval of +/-$4.97 (+/-3.99%) up or down from last closing price. If DexCom takes out the full calculated possible swing range there will be an estimated 7.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $127.05 (2.18%) than the support at $120.47 (3.11%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is DexCom stock A Buy?
The DexCom stock holds several negative signals and despite the positive trend, we believe DexCom will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.636 Sell Candidate Downgraded
Predicted Opening Price for DexCom of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$129.08 ( 3.81%) | $124.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXCM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 143.80 | 15.65 % | |
R2 | 138.18 | 11.13 % | ||
R1 | 134.70 | 8.33 % | ||
Current price: | 124.34 | |||
Support | S1 | 123.45 | -0.716 % | |
S2 | 119.97 | -3.51 % | ||
S3 | 114.35 | -8.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 133.72 | 7.54 % | |
R2 | 133.24 | 7.16 % | ||
R1 | 127.05 | 2.18 % | ||
Current price | 124.34 | |||
Support | S1 | 120.47 | -3.11% | |
S2 | 118.42 | -4.76% | ||
S3 | 116.26 | -6.50% |
FAQ
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