Dynamic Materials Corporation Stock Analysis
Technical stock analysis for 18 January 2019
Dynamic Materials Corporation gained 3.06% in the last trading day, rising from $36.30 to $37.41 The price has risen in 7 of the last 10 days and is up by 4.56% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 17 649 more shares were traded than the day before. In total, 72 567 shares bought and sold for approximately $2.71 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the BOOM stock was $37.41. This is 3.06% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 4.55% from a day low at $36.30 to a day high of $37.95.
30 day high of the BOOM stock price was $37.98 and low was $33.41.
90 day high was $40.82 and low was $30.25.
52 week high for the Dynamic Materials Corporation - $51.05 and low - $20.11.
Dynamic Materials Corporation 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 -2.15% during the next 3 months and, with 90% probability hold a price between $29.68 and $38.79 at the end of this period.
Only positive signals in the chart today. Dynamic Materials Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $36.46 and $35.56. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Dynamic Materials Corporation finds support from accumulated volume at $36.40.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.65 (4.55%) between high and low. For the last week, the stock has had a daily average volatility of 2.33%.
Our recommended stoploss: $35.74 (-4.48%) (This stock has low daily movements and this gives low risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 11 days ago.)
Very Low Low Medium High Very High
Dynamic Materials Corporation holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect stock will perform very well in the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Buy Candidate.
|BOOM $37.41 $1.11(3.06%)|
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