Dynatronics Corporation Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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Is Dynatronics Corporation stock still a buy after falling -15.38% on Friday?
(Updated on Nov 01, 2024)
Hold candidate since Oct 30, 2024
Loss -15.38%
The Dynatronics Corporation stock price fell by -15.38% on the last day (Friday, 1st Nov 2024) from $0.130 to $0.110. During the last trading day the stock fluctuated 0% from a day low at $0.110 to a day high of $0.110. The price has risen in 4 of the last 10 days and is up by 8.91% over the past 2 weeks. Volume has increased on the last day by 100 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, 100 shares were bought and sold for approximately $11.00 .
The stock lies in the middle of a very 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 -39.04% during the next 3 months and, with a 90% probability hold a price between $0.0552 and $0.0834 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.
DYNT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, October 23, 2024, and so far it has risen 9.89%. 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). 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 $0.110 and $0.123. A break-up above any of these levels will issue buy signals. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dynatronics Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.101 and $0.101. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dynatronics Corporation finds support just below today's level at $0.101. If this is broken, then the next support from accumulated volume will be at $0.101 and $0.100.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 6.00%.
Our recommended stop-loss: $0.107 (-3.14%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (DYNT) For The Upcoming Trading Day Of Monday 4th
For the upcoming trading day on Monday, 4th we expect Dynatronics Corporation to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.103 and $0.117, which gives a possible trading interval of +/-$0.0066 (+/-5.97%) up or down from last closing price. If Dynatronics Corporation takes out the full calculated possible swing range there will be an estimated 11.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.101 (8.18%) than the resistance at $0.120 (9.09%), 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
Dynatronics Corporation will release earnings BMO on Thursday, November 07, 2024. We will update the financials statements for Dynatronics Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.53% in the first trading day after earnings release.
Is Dynatronics Corporation stock A Buy?
Dynatronics Corporation 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.
Current score: 0.000 Hold/Accumulate Unchanged
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.
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Predicted Fair Opening Price
Predicted fair opening price on November 4, 2024 - $0.110 ( 0%).Trading levels for DYNT
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.110 | - |
R2 | 0.110 | - |
R1 | 0.110 | - |
Price | 0.110 | |
S1 | 0.110 | - |
S2 | 0.110 | - |
S3 | 0.110 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.130 | 18.18% |
R2 | 0.123 | 12.18% |
R1 | 0.120 | 9.09% |
Price | 0.110 | |
S1 | 0.101 | -8.18% |
S2 | 0.101 | -8.64% |
S3 | 0.100 | -9.00% |
FAQ
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