Dynatronics Corporation Stock Forecast
High volatility in Dynatronics Corporation stock price on Tuesday which ended trading at $0.539
(Updated on Apr 23, 2024)
The Dynatronics Corporation stock price gained 0.223% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.538 to $0.539. During the last trading day the stock fluctuated 12.81% from a day low at $0.492 to a day high of $0.555. The price has risen in 6 of the last 10 days and is up by 36.33% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 93 thousand shares were bought and sold for approximately $50.15 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 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 -11.54% during the next 3 months and, with a 90% probability hold a price between $0.321 and $0.540 at the end of this 3-month period.
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DYNT Signals & Forecast
The Dynatronics Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.524 and $0.453. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -7.83%. Further fall is indicated until a new bottom pivot has been found. 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 $0.538 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 $0.0630 between high and low, or 12.81%. For the last week the stock has had daily average volatility of 24.70%.
Our recommended stop-loss: $0.511 (-5.18%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (DYNT) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Dynatronics Corporation to open at $0.529, and during the day (based on 14 day Average True Range), to move between $0.476 and $0.602, which gives a possible trading interval of +/-$0.0629 (+/-11.66%) up or down from last closing price. If Dynatronics Corporation takes out the full calculated possible swing range there will be an estimated 23.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.538 (0.22%) than the resistance at $0.550 (2.00%), 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 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.
Current score: 0.743 Hold/Accumulate Unchanged
Predicted Opening Price for Dynatronics Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.529 ( 1.98%) | $0.539 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.592 | 9.71 % | |
| R2 | 0.567 | 5.24 % | ||
| R1 | 0.553 | 2.49 % | ||
| Current price: | 0.539 | |||
| Support | S1 | 0.504 | -6.44 % | |
| S2 | 0.490 | -9.20 % | ||
| S3 | 0.466 | -13.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.585 | 8.49 % | |
| R2 | 0.556 | 3.17 % | ||
| R1 | 0.550 | 2.00 % | ||
| Current price | 0.539 | |||
| Support | S1 | 0.538 | -0.223% | |
| S2 | 0.532 | -1.34% | ||
| S3 | 0.475 | -11.93% |
FAQ
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