Daxor Corp Forecast and Stock Analysis
Technical DXR stock analysis for March 22, 2019.
|Shorts||3.42% ( 2019-02-28 )|
Daxor Corp gained 1.13% in the last trading day, rising from $12.34 to $12.48 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -20.26% for this period. Volume fell in the last day by -40 990 shares, and in total, 70 091 shares bought and sold for approximately $874 736.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the DXR stock was $12.48. This is 1.13% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 10.81% from a day low at $11.75 to a day high of $13.02.
30 day high of the DXR stock price was $19.95 and low was $11.75.
90 day high was $19.95 and low was $7.34.
52 week high for the Daxor Corp - $19.95 and low - $4.30.
Daxor Corp lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $12.04 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.1% during the next 3 months and, with 90% probability hold a price between $16.39 and $29.20 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Daxor Corp 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 $13.22 and $16.21. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 14 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.
Support & Resistance
Daxor Corp finds support from accumulated volume at $12.34.
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 $1.27 between high and low, or 10.81%. For the last week the stock has had a daily average volatility of 10.93%.
Daxor Corp is overbought on RSI14 (14). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: $11.71 (-6.17%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 14 which reduces the risk some. There is a buy signal from pivot bottom found 2 days ago.)
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Daxor Corp holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.