Daxor Corp Stock Forecast

Daxor Corp stock price up 1.43% on Wednesday
(Updated on Apr 24, 2024)

DXR Signals & Forecast

The Daxor Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $9.74 and $8.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 38.25%. Further rise is indicated until a new top pivot has been found. Daxor Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Daxor Corp stock

Daxor Corp finds support from accumulated volume at $9.57 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 $0.0199 between high and low, or 0.201%. For the last week, the stock has had daily average volatility of 2.20%.

The Daxor Corp stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Daxor Corp has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $9.60 (-3.44%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (DXR) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Daxor Corp to open at $9.93, and during the day (based on 14 day Average True Range), to move between $9.64 and $10.24, which gives a possible trading interval of +/-$0.296 (+/-2.98%) up or down from last closing price. If Daxor Corp takes out the full calculated possible swing range there will be an estimated 5.95% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $9.57, some $0.370 (3.72%) from the current price of $9.94, our system finds the risk reward attractive.

Is Daxor Corp stock A Buy?

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 Daxor Corp stock to perform well in the short-term.

Current score: 4.183 Buy Candidate Unchanged

Predicted Opening Price for Daxor Corp of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.