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
Green day on Thursday for Daxor Corp stock after gaining 1.32%
(Updated on Apr 18, 2024)
The Daxor Corp stock price gained 1.32% on the last trading day (Thursday, 18th Apr 2024), rising from $9.61 to $9.74. It 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. During the last trading day the stock fluctuated 3.62% from a day low at $9.40 to a day high of $9.74. The price has risen in 6 of the last 10 days and is up by 9.3% over the past 2 weeks. Volume fell on the last day by -155 shares and in total, 696 shares were bought and sold for approximately $6.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.07% during the next 3 months and, with a 90% probability hold a price between $7.83 and $10.98 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $9.57 and $8.67. 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 35.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. 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 $0.340 between high and low, or 3.62%. For the last week the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: $9.44 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (DXR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Daxor Corp to open at $9.63, and during the day (based on 14 day Average True Range), to move between $9.42 and $10.06, which gives a possible trading interval of +/-$0.323 (+/-3.32%) up or down from last closing price. If Daxor Corp takes out the full calculated possible swing range there will be an estimated 6.63% 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 (1.75%) than the resistance at $9.95 (2.16%), 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?
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: 2.868 Buy Candidate Unchanged
Predicted Opening Price for Daxor Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $9.63 ( 1.16%) | $9.74 |
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 | 9.97 | 2.33 % | |
| R2 | 9.84 | 0.99 % | ||
| R1 | 9.76 | 0.170 % | ||
| Current price: | 9.74 | |||
| Support | S1 | 9.50 | -2.50 % | |
| S2 | 9.42 | -3.32 % | ||
| S3 | 9.29 | -4.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 9.95 | 2.16 % | ||
| Current price | 9.74 | |||
| Support | S1 | 9.57 | -1.75% | |
| S2 | 8.75 | -10.16% | ||
| S3 | 8.50 | -12.73% |
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
Click here for our free guide on how to buy Daxor Corp Stock.
