The Dixie Group Stock Forecast
Red day on Thursday for The Dixie Group stock after losing 0.483%
(Updated on Apr 18, 2024)
The The Dixie Group stock price fell by -0.483% on the last day (Thursday, 18th Apr 2024) from $0.517 to $0.515. During the last trading day the stock fluctuated 5.38% from a day low at $0.500 to a day high of $0.527. The price has been going up and down for this period, and there has been a -0.75% loss for the last 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 30 thousand shares were bought and sold for approximately $15.69 thousand.
The stock lies in the middle of a very 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 -15.34% during the next 3 months and, with a 90% probability hold a price between $0.392 and $0.491 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DXYN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 6.96%. 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. The The Dixie Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.533 and $0.549. A break-up above any of these levels will issue buy signals. The Dixie Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for The Dixie Group stock
The Dixie Group finds support from accumulated volume at $0.499 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 $0.0269 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 6.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DXYN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect The Dixie Group to open at $0.514, and during the day (based on 14 day Average True Range), to move between $0.471 and $0.559, which gives a possible trading interval of +/-$0.0441 (+/-8.57%) up or down from last closing price. If The Dixie Group takes out the full calculated possible swing range there will be an estimated 17.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.499 (3.09%) than the resistance at $0.576 (11.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Dixie Group stock A Buy?
The Dixie Group holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.554 Sell Candidate Unchanged
Predicted Opening Price for The Dixie Group of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.514 ( 0.162%) | $0.515 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXYN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.541 | 5.06 % | |
| R2 | 0.531 | 3.07 % | ||
| R1 | 0.524 | 1.83 % | ||
| Current price: | 0.515 | |||
| Support | S1 | 0.504 | -2.16 % | |
| S2 | 0.497 | -3.39 % | ||
| S3 | 0.487 | -5.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.618 | 20.02 % | |
| R2 | 0.600 | 16.53 % | ||
| R1 | 0.576 | 11.87 % | ||
| Current price | 0.515 | |||
| Support | S1 | 0.499 | -3.09% | |
| S2 | 0.481 | -6.51% | ||
| S3 | 0 | . |
DXYN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 31, 1998 | Sep 10, 1998 | Sep 25, 1998 | $0.0500 | 0.727% |
| 2 | May 04, 1998 | May 13, 1998 | May 29, 1998 | $0.0500 | 0.385% |
| 3 | Feb 19, 1998 | Mar 04, 1998 | Mar 20, 1998 | $0.0500 | 0.404% |
| 4 | Nov 21, 1994 | Nov 21, 1994 | Dec 09, 1994 | $0.0500 | 0.701% |
| 5 | Aug 23, 1994 | Aug 23, 1994 | Sep 09, 1994 | $0.0500 | 0.579% |
FAQ
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