dynaCERT Inc. Stock Forecast

Stronger technical forecast for dynaCERT Inc. stock price after Friday trading.
(Updated on May 17, 2024)

DYA.TO Signals & Forecast

There are mixed signals in the stock today. The dynaCERT Inc. 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 $0.135 and $0.141. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.85%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for dynaCERT Inc. stock

dynaCERT Inc. finds support from accumulated volume at $0.130 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 $0.0050 (3.70%) between high and low. For the last week, the stock has had daily average volatility of 2.22%.

Our recommended stop-loss: $0.127 (-6.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (DYA.TO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect dynaCERT Inc. to open at $0.137, and during the day (based on 14 day Average True Range), to move between $0.130 and $0.140, which gives a possible trading interval of +/-$0.0055 (+/-4.06%) up or down from last closing price. If dynaCERT Inc. takes out the full calculated possible swing range there will be an estimated 8.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.140 (3.70%) than the support at $0.130 (3.70%), 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 dynaCERT Inc. stock A Buy?

dynaCERT Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for dynaCERT Inc. of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.