Diversified Restaurant Holdings, Inc Stock Forecast

Weaker technical forecast for Diversified Restaurant Holdings, Inc as stock downgraded to Sell Candidate.
(Updated on Apr 21, 2020)

BAGR.L Signals & Forecast

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 Diversified Restaurant Holdings, Inc 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 £0.0048 and £0.0051. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 20, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Diversified Restaurant Holdings, Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0045 and £0.0043. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.0043 may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%

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

Trading Expectations (BAGR.L) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Diversified Restaurant Holdings, Inc to open at £0.0048, and during the day (based on 14 day Average True Range), to move between £0.0046 and £0.0050, which gives a possible trading interval of +/-£0.0002 (+/-4.07%) up or down from last closing price. If Diversified Restaurant Holdings, Inc takes out the full calculated possible swing range there will be an estimated 8.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.0045 (6.25%) than the resistance at £0.0053 (10.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Diversified Restaurant Holdings, Inc stock A Buy?

Diversified Restaurant Holdings, Inc 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. 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: -3.749 Sell Candidate Downgraded

Predicted Opening Price for Diversified Restaurant Holdings, Inc of Wednesday, April 22, 2020

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