Daxor Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Daxor Corp stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
No changes to the price of Daxor Corp stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $9.65 to a day high of $9.65. The price has risen in 7 of the last 10 days and is up by 1.01% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.99 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.09% during the next 3 months and, with a 90% probability hold a price between $9.46 and $11.69 at the end of this 3-month period.
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DXR Signals & Forecast
The Daxor Corp stock holds a sell 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 giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $9.76. On a fall, the stock will find some support from the long-term average at approximately $9.03. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.92%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: $9.17 (-4.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (DXR) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Daxor Corp to open at $9.65, and during the day (based on 14 day Average True Range), to move between $9.37 and $9.93, which gives a possible trading interval of +/-$0.276 (+/-2.86%) up or down from last closing price. If Daxor Corp takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.57 (0.83%) than the resistance at $9.74 (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daxor Corp stock A Buy?
Daxor Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.599 Hold/Accumulate Upgraded
Predicted Opening Price for Daxor Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $9.65 ( 0%) | $9.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.65 | . | |
| R2 | 9.65 | . | ||
| R1 | 9.65 | . | ||
| Current price: | 9.65 | |||
| Support | S1 | 9.65 | . | |
| S2 | 9.65 | . | ||
| S3 | 9.65 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.94 | 3.00 % | |
| R2 | 9.75 | 1.04 % | ||
| R1 | 9.74 | 0.93 % | ||
| Current price | 9.65 | |||
| Support | S1 | 9.57 | -0.83% | |
| S2 | 8.75 | -9.33% | ||
| S3 | 8.50 | -11.92% |
DXR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2017 | Jan 05, 2018 | Jan 12, 2018 | $0.0300 | 0.703% |
| 2 | Nov 18, 2016 | Dec 20, 2016 | Dec 29, 2016 | $0.0300 | 0.367% |
| 3 | Dec 10, 2015 | Dec 18, 2015 | Dec 29, 2015 | $0.0400 | 0.526% |
| 4 | Nov 17, 2014 | Dec 04, 2014 | Dec 26, 2014 | $0.0300 | 0.473% |
| 5 | Nov 15, 2013 | Dec 05, 2013 | Dec 27, 2013 | $0.0500 | 0.727% |
FAQ
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