Dyadic International Stock Forecast
Dyadic International stock price up 2.45% on Thursday
(Updated on Mar 28, 2024)
The Dyadic International stock price gained 2.45% on the last trading day (Thursday, 28th Mar 2024), rising from $1.63 to $1.67. During the last trading day the stock fluctuated 5.49% from a day low at $1.64 to a day high of $1.73. The price has risen in 6 of the last 10 days and is up by 9.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $49.65 thousand.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $1.67 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Dyadic International stock with a 90% probability to be traded between $1.31 and $1.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DYAI Signals & Forecast
The Dyadic International 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 $1.63 and $1.46. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Dyadic International 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Dyadic International stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.51 and $1.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dyadic International finds support just below today's level at $1.51. If this is broken, then the next support from accumulated volume will be at $1.50 and $1.38.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 5.63%.
Our recommended stop-loss: $1.61 (-3.62%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (DYAI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dyadic International to open at $1.68, and during the day (based on 14 day Average True Range), to move between $1.56 and $1.78, which gives a possible trading interval of +/-$0.110 (+/-6.59%) up or down from last closing price. If Dyadic International takes out the full calculated possible swing range there will be an estimated 13.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.51, some $0.160 (9.58%) from the current price of $1.67, our system finds the risk reward attractive.
Is Dyadic International stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dyadic International stock to perform well in the short-term period.
Current score: 4.270 Buy Candidate Unchanged
Predicted Opening Price for Dyadic International of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.68 ( 0.599%) | $1.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DYAI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.77 | 5.99 % | |
R2 | 1.74 | 3.93 % | ||
R1 | 1.71 | 2.66 % | ||
Current price: | 1.67 | |||
Support | S1 | 1.65 | -1.46 % | |
S2 | 1.62 | -2.73 % | ||
S3 | 1.59 | -4.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1.67 | |||
Support | S1 | 1.51 | -9.58% | |
S2 | 1.50 | -10.18% | ||
S3 | 1.38 | -17.37% |
FAQ
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