Dexterra Group Inc. 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:
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
Stronger technical forecast for Dexterra Group Inc. stock price after Monday trading.
(Updated on May 06, 2024)
The Dexterra Group Inc. stock price fell by -0.508% on the last day (Monday, 6th May 2024) from $5.91 to $5.88. During the last trading day the stock fluctuated 1.70% from a day low at $5.87 to a day high of $5.97. The price has fallen in 5 of the last 10 days and is down by -0.34% for this period. 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, 7 thousand shares were bought and sold for approximately $43.35 thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $5.97 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Dexterra Group Inc. stock with a 90% probability to be traded between $5.40 and $5.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 $5.89. On a fall, the stock will find some support from the long-term average at approximately $5.77. 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 -1.51%. 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). Dexterra Group Inc. 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 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 $5.86 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.1000 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: $5.69 (-3.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (DXT.TO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Dexterra Group Inc. to open at $5.91, and during the day (based on 14 day Average True Range), to move between $5.76 and $6.00, which gives a possible trading interval of +/-$0.123 (+/-2.09%) up or down from last closing price. If Dexterra Group Inc. takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.86 (0.34%) than the resistance at $5.90 (0.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Dexterra Group Inc. will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Dexterra Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.49% in the first trading day after earnings release.
Is Dexterra Group Inc. stock A Buy?
Dexterra Group Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.700 Hold/Accumulate Upgraded
Predicted Opening Price for Dexterra Group Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $5.91 ( 0.454%) | $5.88 |
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 | 6.01 | 2.15 % | |
| R2 | 5.97 | 1.50 % | ||
| R1 | 5.94 | 1.10 % | ||
| Current price: | 5.88 | |||
| Support | S1 | 5.87 | -0.196 % | |
| S2 | 5.84 | -0.598 % | ||
| S3 | 5.81 | -1.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.08 | 3.40 % | |
| R2 | 5.98 | 1.70 % | ||
| R1 | 5.90 | 0.340 % | ||
| Current price | 5.88 | |||
| Support | S1 | 5.86 | -0.340% | |
| S2 | 5.85 | -0.510% | ||
| S3 | 5.65 | -3.91% |
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% |
FAQ
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