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Dynatronics Corporation Stock Forecast NASDAQ:DYNT

$1.24 (-0.80%)

Volume: 349k

Closed: Nov 26, 2021

Hollow Logo Score: -2.938

Dynatronics Corporation Stock Forecast

$1.24 (-0.80%)

Volume: 349k

Closed: Nov 26, 2021

Score Hollow Logo -2.938
Which way will DYNT go? Request
Key Stats
P/E Ratio 10.59
Beta 1.11
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Dynatronics Corporation stock currently holds an RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

High volatility in Dynatronics Corporation stock price on Friday which ended trading at $1.24
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Dynatronics Corporation stock price fell by -0.80% on the last day (Friday, 26th Nov 2021) from $1.25 to $1.24. During the day the stock fluctuated 11.02% from a day low at $1.18 to a day high of $1.31. The price has fallen in 7 of the last 10 days and is down by -15.07% for this period. Volume has increased on the last day by 201 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, 349 thousand shares were bought and sold for approximately $433.08 thousand.

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.02% during the next 3 months and, with a 90% probability hold a price between $1.25 and $1.70 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 3.33%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dynatronics Corporation 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 $1.27 and $1.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Dynatronics Corporation 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".

Support, Risk & Stop-loss

Dynatronics Corporation finds support from accumulated volume at $1.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.13 between high and low, or 11.02%. For the last week, the stock has had a daily average volatility of 6.35%.

Dynatronics Corporation is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Dynatronics Corporation stock A Buy?

The Dynatronics Corporation stock holds several negative signals and despite the positive trend, we believe Dynatronics Corporation 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: -2.938

Predicted Opening Price for Dynatronics Corporation of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$1.24 $1.24 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

Aegis is very positive about DYNT and gave it a "Buy" rating on Sep 29, 2020. The price target was changed from $1.45 to $1.65.

Volatility and Risk
Daily Average Volatility: 6.35 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.35 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.39
Price: $1.24
Support: $1.20

DYNT Insider Trading Show all Trades

INSIDER POWER

682.338

Last 100 transactions
Buy: 2 199 176 | Sell: 3 223 (Shares)
Date Action Amount Person Type
Oct 04, 2021 Buy 26 155 Provco Ventures 1 Lp Common stock
Oct 04, 2021 Buy 2 601 Larkin Brian Common Stock
Oct 04, 2021 Buy 8 749 Essig Stuart Common stock
Oct 04, 2021 Buy 43 589 Essig Stuart Common stock
Oct 04, 2021 Buy 8 749 Enright Erin S. Common Stock
Show all Insider Trades
INSIDER POWER

682.338

Last 100 transactions
Buy: 2 199 176 | Sell: 3 223 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.37 10.75 %
1.32 6.75 %
1.29 4.27 %
Current price: 1.24
Support 1.19 -3.74 %
1.16 -6.21 %
1.11 -10.22 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.50 20.97 %
1.43 15.32 %
1.39 12.10 %
Current price 1.24
Support 1.20 -3.23%
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About Dynatronics Corporation

Dynatronics Dynatronics Corporation designs, manufactures, distributes, and markets physical medicine products in North America. The company manufactures and sells electrotherapy, therapeutic ultrasound, phototherapy, thermal and oscillation therapy, and iontophoresis devices; traction therapy equipment; medical supplies and soft goods, including hot and cold packs, lumbar rolls, exercise balls, wrist splints, ankle weights, cervical collars and pillows, sli... Read more

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