Daxor Corp Stock Forecast
Green day on Thursday for Daxor Corp stock after gaining 0.82%
(Updated on May 02, 2024)
The Daxor Corp stock price gained 0.82% on the last trading day (Thursday, 2nd May 2024), rising from $9.80 to $9.88. During the last trading day the stock fluctuated 1.63% from a day low at $9.79 to a day high of $9.95. The price has risen in 7 of the last 10 days and is up by 1.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $159.77 thousand.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $10.12 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 21.52% during the next 3 months and, with a 90% probability hold a price between $10.24 and $12.29 at the end of this 3-month period.
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DXR Signals & Forecast
The Daxor Corp 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 $9.78 and $9.21. A breakdown below any of these levels will issue sell signals. Daxor Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.598%. 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 Daxor Corp stock
Daxor Corp finds support from accumulated volume at $9.75 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 $0.160 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 0.93%.
Our recommended stop-loss: $9.49 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (DXR) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Daxor Corp to open at $9.87, and during the day (based on 14 day Average True Range), to move between $9.63 and $10.13, which gives a possible trading interval of +/-$0.252 (+/-2.55%) up or down from last closing price. If Daxor Corp takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.89 (0.10%) than the support at $9.75 (1.32%), 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 Daxor Corp 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 Daxor Corp stock to perform well in the short-term.
Current score: 3.206 Buy Candidate Unchanged
Predicted Opening Price for Daxor Corp of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $9.87 ( 0.0708%) | $9.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.03 | 1.55 % | |
| R2 | 9.97 | 0.93 % | ||
| R1 | 9.93 | 0.548 % | ||
| Current price: | 9.88 | |||
| Support | S1 | 9.81 | -0.689 % | |
| S2 | 9.77 | -1.07 % | ||
| S3 | 9.71 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 9.94 | 0.601 % | ||
| R1 | 9.89 | 0.0951 % | ||
| Current price | 9.88 | |||
| Support | S1 | 9.75 | -1.32% | |
| S2 | 9.57 | -3.14% | ||
| S3 | 8.50 | -13.97% |
DXR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2017 | Jan 05, 2018 | Jan 12, 2018 | $0.0300 | 0.703% |
| 2 | Nov 18, 2016 | Dec 20, 2016 | Dec 29, 2016 | $0.0300 | 0.367% |
| 3 | Dec 10, 2015 | Dec 18, 2015 | Dec 29, 2015 | $0.0400 | 0.526% |
| 4 | Nov 17, 2014 | Dec 04, 2014 | Dec 26, 2014 | $0.0300 | 0.473% |
| 5 | Nov 15, 2013 | Dec 05, 2013 | Dec 27, 2013 | $0.0500 | 0.727% |
FAQ
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