LPG Forecast and Technical Stock Analysis
Buy candidate since 2019-09-17 PDF
Dorian LPG Ltd gained 1.63% in the last trading day ( Tuesday, 17th Sep 2019 ), rising from $10.43 to $10.60 During the day the stock fluctuated 6.74% from a day low at $9.94 to a day high of $10.61. The price has risen in 6 of the last 10 days and is up by 3.92% 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, 183 187 more shares were traded than the day before. In total, 542 302 shares bought and sold for approximately $5.75 million.
- 30 day high of the LPG stock price was $11.16 and low was $9.43.
- 90 day high was $11.16 and low was $8.09.
- 52 week high for Dorian LPG Ltd - $11.16 and low - $5.26.
Dorian LPG Ltd lies in the middle of a 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 16.5% during the next 3 months and, with 90% probability hold a price between $10.43 and $12.83 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 $10.46 and $9.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday September 16, 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 66 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 $9.80 and $9.35.
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 $9.80. If this is broken, then the next support from accumulated volume will be at $9.35 and $9.15.
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 $0.67 (6.74%) between high and low. For the last week, the stock has had daily average volatility of 4.09%.
Our recommended stop-loss: $10.02 (-5.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
4.09 %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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|LPG $10.60 ($0.17 1.63%)|
LPG is up $0.17 today, but where's it headed in 2019?
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