DYNATRONICS CORP. - 1H - Technical analysis published on 07/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.23 USD
My targets
1.25 USD (+0.81%)
1.28 USD (+3.23%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DYNATRONICS CORP. as long as the price remains well above 1.23 USD. The buyers' bullish objective is set at 1.25 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.28 USD. If there is any crossing, the next objective would be the resistance located at 1.31 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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Additional analysis
Quotes
The DYNATRONICS CORP. price is 1.24 USD. The price has increased by +4.20% since the last closing with the lowest point at 1.16 USD and the highest point at 1.24 USD. The deviation from the price is +6.90% for the low point and 0% for the high point.1.16
1.24
1.24
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DYNATRONICS CORP. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.10 | 1.13 | 1.17 | 1.24 | 1.25 | 1.28 | 1.31 |
| Change (%) | -11.29% | -8.87% | -5.65% | - | +0.81% | +3.23% | +5.65% |
| Change | -0.14 | -0.11 | -0.07 | - | +0.01 | +0.04 | +0.07 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.14 | 1.15 | 1.17 | 1.18 | 1.20 | 1.21 | 1.23 |
| Camarilla | 1.18 | 1.19 | 1.19 | 1.19 | 1.19 | 1.20 | 1.20 |
| Woodie | 1.15 | 1.15 | 1.18 | 1.18 | 1.21 | 1.21 | 1.24 |
| Fibonacci | 1.15 | 1.16 | 1.17 | 1.18 | 1.19 | 1.20 | 1.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.95 | 1.02 | 1.09 | 1.16 | 1.23 | 1.30 | 1.37 |
| Camarilla | 1.11 | 1.12 | 1.14 | 1.15 | 1.16 | 1.18 | 1.19 |
| Woodie | 0.94 | 1.02 | 1.08 | 1.16 | 1.22 | 1.30 | 1.36 |
| Fibonacci | 1.02 | 1.08 | 1.11 | 1.16 | 1.22 | 1.25 | 1.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.83 | 0.97 | 1.09 | 1.23 | 1.35 | 1.49 | 1.61 |
| Camarilla | 1.13 | 1.15 | 1.18 | 1.20 | 1.22 | 1.25 | 1.27 |
| Woodie | 0.81 | 0.97 | 1.07 | 1.23 | 1.33 | 1.49 | 1.59 |
| Fibonacci | 0.97 | 1.07 | 1.13 | 1.23 | 1.33 | 1.39 | 1.49 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.20 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 5.36 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.13 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.12 | |
| Zig ZAG (10): | 1.19 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 88.16 | |
| TEMA (21): | 1.18 | |
| Williams %R (14): | -2.51 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 3.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 5.90 |
| MA7: | 1.17 | |
| MA20: | 1.20 | |
| MA50: | 1.17 | |
| MA100: | 1.19 | |
| MAexp7: | 1.18 | |
| MAexp20: | 1.17 | |
| MAexp50: | 1.18 | |
| MAexp100: | 1.19 | |
| Price / MA7: | +5.98% | |
| Price / MA20: | +3.33% | |
| Price / MA50: | +5.98% | |
| Price / MA100: | +4.20% | |
| Price / MAexp7: | +5.08% | |
| Price / MAexp20: | +5.98% | |
| Price / MAexp50: | +5.08% | |
| Price / MAexp100: | +4.20% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on DYNATRONICS CORP.. At the time of publication of this analysis, the latest news was as follows:
- Dynatronics Corporation Announces Promotion of Sarah Rome-Mealman to Vice President of Marketing
- Dynatronics Corporation Announces George Murray as Vice President, Global Operations and Supply Chain
- Dynatronics Corporation Announces Closing of Transaction to Sell Tennessee Facility
- Dynatronics Corporation Reports Third Quarter Results
- Dynatronics Corporation Announces Participation in Investor Conferences
This member declared not having a position on this financial instrument or a related financial instrument.
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