DHI Group Inc Forecast and Stock Analysis
Technical DHX stock analysis for Friday May 24, 2019.
|Shorts||0.62% ( 2019-04-15 )|
|Price to book||USD 1.36|
|Next Earnings Date||2019-08-01|
DHI Group Inc fell by -1.63% in the last day ( Friday, 24th May 2019 ) from $3.67 to $3.61 During day the stock fluctuated 5.37% from a day low at $3.54 to a day high of $3.73. The price has been going up and down for this period, and there has been a -7.2% loss for the last 2 weeks. Volume has increased in the last day by 125 321 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, 413 287 shares bought and sold for approximately $1.49 million.
- 30 day high of the DHX stock price was $4.44 and low was $2.73.
- 90 day high was $4.44 and low was $2.25.
- 52 week high for the DHI Group Inc - $4.44 and low - $1.34.
DHI Group Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 48.73% during the next 3 months and, with 90% probability hold a price between $4.87 and $6.60 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday May 16, 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". DHI Group Inc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $3.83. On a fall, the stock will find some support from the long-term average at approximately $3.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $3.40 and $3.22.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DHI Group Inc finds support just below today's level at $3.40. If this is broken, then the next support from accumulated volume will be at $3.22 and $3.00.
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 $0.19 between high and low, or 5.37%. For the last week, the stock has had a daily average volatility of 6.54%.
Our recommended stoploss: $3.38 (-6.45%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 6 days ago.)
6.54 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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|DHX $3.61 ($-0.06 -1.63%)|
DHX is down $0.06 today, but where's it headed in 2019?
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