Dynatronics Corporation Stock Forecast
Stronger technical forecast for Dynatronics Corporation stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Dynatronics Corporation stock price gained 0.0450% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.222 to $0.222. During the last trading day the stock fluctuated 8.60% from a day low at $0.221 to a day high of $0.240. The price has fallen in 6 of the last 10 days and is down by -38.65% for this period. Volume fell on the last day by -19 thousand shares and in total, 124 thousand shares were bought and sold for approximately $27.51 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.219 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.81% during the next 3 months and, with a 90% probability hold a price between $0.154 and $0.313 at the end of this 3-month period.
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DYNT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.0450%. 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 $0.286 and $0.375. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dynatronics Corporation stock
Dynatronics Corporation finds support from accumulated volume at $0.222 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0190 between high and low, or 8.60%. For the last week the stock has had daily average volatility of 16.72%.
Dynatronics Corporation is oversold on RSI14 (16). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DYNT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Dynatronics Corporation to open at $0.228, and during the day (based on 14 day Average True Range), to move between $0.184 and $0.260, which gives a possible trading interval of +/-$0.0382 (+/-17.21%) up or down from last closing price. If Dynatronics Corporation takes out the full calculated possible swing range there will be an estimated 34.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.222 (0.05%) than the resistance at $0.265 (19.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dynatronics Corporation stock A Buy?
Dynatronics Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.122 Sell Candidate Upgraded
Predicted Opening Price for Dynatronics Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.228 ( 2.52%) | $0.222 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DYNT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.247 | 11.08% |
| R2 | 0.239 | 7.81% |
| R1 | 0.235 | 5.79% |
| Price | 0.222 | |
| S1 | 0.220 | -0.747% |
| S2 | 0.216 | -2.77% |
| S3 | 0.209 | -6.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.265 | 19.32% |
| Price | 0.222 | |
| S1 | 0.222 | -0.0450% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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