DHI Group Inc Forecast and Stock Analysis
Technical DHX stock analysis for March 22, 2019.
|Shorts||0.27% ( 2019-02-28 )|
DHI Group Inc fell by -5.56% in the last day from $2.52 to $2.38 The price has fallen in 5 of the last 10 days and is down by -9.85% for this period. Volume has increased in the last day by 2 339 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 141 512 shares bought and sold for approximately $336 799.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the DHX stock was $2.38. This is 5.56% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 8.70% from a day low at $2.30 to a day high of $2.50.
30 day high of the DHX stock price was $3.54 and low was $2.30.
90 day high was $3.54 and low was $1.34.
52 week high for the DHI Group Inc - $3.54 and low - $1.25.
DHI Group Inc has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $2.45. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. DHI Group Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $2.44 and $2.50. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. DHI Group Inc 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-off's".
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
DHI Group Inc finds support from accumulated volume at $2.35.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.20 between high and low, or 8.70%. For the last week, the stock has had a daily average volatility of 8.59%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The DHI Group Inc stock holds several negative signals and despite the positive trend we believe DHI Group Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.