DIRTT Environmental Solutions Ltd. Stock Forecast
Red day on Wednesday for DIRTT Environmental Solutions Ltd.
(Updated on Apr 24, 2024)
No changes to the price of DIRTT Environmental Solutions Ltd. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 1.52% from a day low at $0.660 to a day high of $0.670. The price has fallen in 6 of the last 10 days and is down by -10.81% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.620 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.87% during the next 3 months and, with a 90% probability hold a price between $0.762 and $1.06 at the end of this 3-month period.
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DRT.TO Signals & Forecast
There are mixed signals in the stock today. The DIRTT Environmental Solutions Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.687. On a fall, the stock will find some support from the short-term average at $0.653. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -17.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DIRTT Environmental Solutions Ltd. stock
DIRTT Environmental Solutions Ltd. finds support from accumulated volume at $0.640 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 4.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DRT.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect DIRTT Environmental Solutions Ltd. to open at $0.663, and during the day (based on 14 day Average True Range), to move between $0.627 and $0.693, which gives a possible trading interval of +/-$0.0333 (+/-5.05%) up or down from last closing price. If DIRTT Environmental Solutions Ltd. takes out the full calculated possible swing range there will be an estimated 10.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.670 (1.52%) than the support at $0.640 (3.03%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is DIRTT Environmental Solutions Ltd. stock A Buy?
DIRTT Environmental Solutions Ltd. 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.
Current score: -3.813 Sell Candidate Unchanged
Predicted Opening Price for DIRTT Environmental Solutions Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.663 ( 0.505%) | $0.660 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRT.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.673 | 2.02 % | |
| R2 | 0.670 | 1.44 % | ||
| R1 | 0.667 | 1.08 % | ||
| Current price: | 0.660 | |||
| Support | S1 | 0.660 | -0.0737 % | |
| S2 | 0.657 | -0.431 % | ||
| S3 | 0.653 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.750 | 13.64 % | |
| R2 | 0.690 | 4.55 % | ||
| R1 | 0.670 | 1.52 % | ||
| Current price | 0.660 | |||
| Support | S1 | 0.640 | -3.03% | |
| S2 | 0.590 | -10.61% | ||
| S3 | 0.530 | -19.70% |
FAQ
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