Dexterra Group Inc. Stock Forecast
Evaluation of Dexterra Group Inc. stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Dexterra Group Inc. stock price fell by -0.515% on the last day (Thursday, 25th Apr 2024) from $5.83 to $5.80. During the last trading day the stock fluctuated 1.04% from a day low at $5.79 to a day high of $5.85. The price has risen in 4 of the last 10 days but is still down by -0.85% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -32 thousand shares and in total, 7 thousand shares were bought and sold for approximately $42.09 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.25% during the next 3 months and, with a 90% probability hold a price between $5.15 and $5.77 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DXT.TO Signals & Forecast
The Dexterra Group Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $5.87. On a fall, the stock will find some support from the long-term average at approximately $5.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 23, 2024, and so far it has fallen -2.85%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dexterra Group Inc. stock
Dexterra Group Inc. finds support from accumulated volume at $5.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0600 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.92%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DXT.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Dexterra Group Inc. to open at $5.81, and during the day (based on 14 day Average True Range), to move between $5.66 and $5.94, which gives a possible trading interval of +/-$0.145 (+/-2.49%) up or down from last closing price. If Dexterra Group Inc. takes out the full calculated possible swing range there will be an estimated 4.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.85 (0.86%) than the support at $5.72 (1.38%), 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 Dexterra Group Inc. stock A Buy?
Dexterra Group Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.001 Sell Candidate Downgraded
Predicted Opening Price for Dexterra Group Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $5.81 ( 0.230%) | $5.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXT.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.87 | 1.26 % | |
| R2 | 5.85 | 0.87 % | ||
| R1 | 5.84 | 0.625 % | ||
| Current price: | 5.80 | |||
| Support | S1 | 5.79 | -0.165 % | |
| S2 | 5.78 | -0.409 % | ||
| S3 | 5.75 | -0.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.08 | 4.83 % | |
| R2 | 5.98 | 3.10 % | ||
| R1 | 5.85 | 0.86 % | ||
| Current price | 5.80 | |||
| Support | S1 | 5.72 | -1.38% | |
| S2 | 5.65 | -2.59% | ||
| S3 | 5.50 | -5.17% |
DXT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0870 | 1.48% |
| 2 | Mar 08, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.0880 | 1.74% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Jan 16, 2023 | $0.0880 | 1.56% |
| 4 | Sep 28, 2022 | Sep 28, 2022 | Sep 28, 2022 | $0.0880 | 1.51% |
| 5 | May 11, 2022 | Jun 29, 2022 | Jul 15, 2022 | $0.0880 | 1.50% |
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