LPG Forecast and Technical Stock Analysis
Buy candidate since 2019-10-01 Gain 34.49% PDF
Dorian LPG Ltd gained 3.03% in the last trading day ( Thursday, 21st Nov 2019 ), rising from $13.55 to $13.96 , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 4.65% from a day low at $13.56 to a day high of $14.19. The price has risen in 7 of the last 10 days and is up by 12.13% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 57 950 more shares were traded than the day before. In total, 689 592 shares bought and sold for approximately $9.63 million.
- 30 day high of the LPG stock price was $14.19 and low was $11.73.
- 90 day high was $14.19 and low was $9.50.
- 52 week high for Dorian LPG Ltd - $14.19 and low - $5.26.
Dorian LPG Ltd has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $13.91, a level that may pose a second chance to hit a runner. According to fan-theory $15.36 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. Dorian LPG Ltd holds buy signals from both short- and long-term moving averages. In addition, 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 $13.09 and $12.33. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday November 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 70 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $12.45 and $12.09.
There is 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, Dorian LPG Ltd finds support just below today's level at $12.45. If this is broken, then the next support from accumulated volume will be at $12.09 and $10.65.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.63 (4.65%) between high and low. For the last week, the stock has had daily average volatility of 3.83%.
Since the Dorian LPG Ltd has been rising for 7 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $13.41 (-3.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
3.83 %Average volatility
Very Low Low Medium High Very High
Dorian LPG Ltd holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|LPG $13.96 ($0.41 3.03%)|
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