Dorian LPG Ltd Forecast and Stock Analysis
Technical LPG stock analysis for Monday June 24, 2019.
Dorian LPG Ltd gained 0.11% in the last trading day ( Monday, 24th Jun 2019 ), rising from $8.85 to $8.86 During day the stock fluctuated 1.71% from a day low at $8.78 to a day high of $8.93. The price has risen in 7 of the last 10 days and is up by 14.32% over the past 2 weeks. Volume fell in the last day by -157 395 shares, and in total, 179 363 shares bought and sold for approximately $1.59 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the LPG stock price was $9.31 and low was $7.01.
- 90 day high was $9.31 and low was $5.78.
- 52 week high for the Dorian LPG Ltd - $9.31 and low - $5.26.
Dorian LPG Ltd lies in the middle of a very wide and strong 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 16.02% during the next 3 months and, with 90% probability hold a price between $8.38 and $10.98 at the end of this period.
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 $8.79 and $7.91. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 21, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $8.13 and $7.98.
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 $8.13. If this is broken, then the next support from accumulated volume will be at $7.98 and $6.79.
This stock may move much during a 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 $0.15 between high and low, or 1.71%. For the last week, the stock has had a daily average volatility of 3.61%.
Our recommended stoploss: $8.34 (-5.88%) (This stock has high daily movements and this gives high risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)
3.61 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term.
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|LPG $8.86 ($0.01 0.11%)|
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