Dynatronics Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Dynatronics Corporation stock downgraded to Sell Candidate
(Updated on May 02, 2024)
The Dynatronics Corporation stock price fell by -3.03% on the last day (Thursday, 2nd May 2024) from $0.505 to $0.490. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 6.56% from a day low at $0.469 to a day high of $0.500. The price has fallen in 7 of the last 10 days and is down by -11.97% for this period. Volume has increased on the last day by 37 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, 59 thousand shares were bought and sold for approximately $28.67 thousand.
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 -4.00% during the next 3 months and, with a 90% probability hold a price between $0.351 and $0.564 at the end of this 3-month period.
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DYNT Signals & Forecast
The Dynatronics Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.537. On a fall, the stock will find some support from the long-term average at approximately $0.470. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 24, 2024, and so far it has fallen -16.97%. Further fall is indicated until a new bottom pivot has been found. 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
Dynatronics Corporation finds support from accumulated volume at $0.475 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 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 $0.0308 between high and low, or 6.56%. For the last week, the stock has had daily average volatility of 9.03%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Dynatronics Corporation to open at $0.486, and during the day (based on 14 day Average True Range), to move between $0.432 and $0.548, which gives a possible trading interval of +/-$0.0579 (+/-11.82%) up or down from last closing price. If Dynatronics Corporation takes out the full calculated possible swing range there will be an estimated 23.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.475 (3.02%) than the resistance at $0.550 (12.31%), 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, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.260. 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 +/- 18.94% in the first trading day after earnings release.
Is Dynatronics Corporation stock A Buy?
Dynatronics Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.517 Sell Candidate Downgraded
Predicted Opening Price for Dynatronics Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.486 ( 0.694%) | $0.490 |
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 | 0.517 | 5.60 % | |
| R2 | 0.505 | 3.19 % | ||
| R1 | 0.498 | 1.71 % | ||
| Current price: | 0.490 | |||
| Support | S1 | 0.475 | -3.10 % | |
| S2 | 0.467 | -4.58 % | ||
| S3 | 0.456 | -6.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.585 | 19.46 % | |
| R2 | 0.556 | 13.60 % | ||
| R1 | 0.550 | 12.31 % | ||
| Current price | 0.490 | |||
| Support | S1 | 0.475 | -3.02% | |
| S2 | 0.420 | -14.21% | ||
| S3 | 0.402 | -17.97% |
FAQ
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