DRTTF stock - Dirtt Environmental SolutionsExchange: PINK
Fri 16'th Nov 2018
Dirtt Environmental Solutions Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
Dirtt Environmental Solutions fell by -0.32% in the last day from $5.02 to $5.00 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -6.54% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1 075 shares and in total 15 125 shares bought and sold for approximately $75 625.00.
Dirtt Environmental Solutions lies in the middle of a 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 -2.45% during the next 3 months and, with 90% probability hold a price between $4.41 and $5.37 at the end of this period.
Dirtt Environmental Solutions 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 $5.21. On a fall, the stock will find some support from the long-term average at approximately $4.99. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday November 08, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
Dirtt Environmental Solutions finds support from accumulated volume at $4.98.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.08 between high and low, or 1.62%. For the last week the stock has had a daily average volatility of 0.40%.
Our recommended stoploss: $4.67 (-6.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 6 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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