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(DMLP) Dorchester Minerals complete technical analysis [charts+indicators] | Buy/Sell Dorchester Minerals | (DMLP) share price targets

Complete technical analysis of Dorchester Minerals (DMLP) by charts plus indicators, forecast predictions and share price targets for Dorchester Minerals (DMLP)

Dorchester Minerals trades in USA in Energy sector.

Showing technical analysis as on 2024-07-23 View latest technical analysis

10 day averaged volume of Dorchester Minerals is 41988

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	30.77	32.00	32.00	30.75	2.16 times
22 Mon Jul 2024	31.78	32.14	32.15	31.55	1.437 times
19 Fri Jul 2024	31.94	32.32	32.70	31.70	1.269 times
18 Thu Jul 2024	32.32	32.19	32.61	32.14	0.724 times
17 Wed Jul 2024	32.34	32.58	32.77	32.27	1.291 times
16 Tue Jul 2024	32.64	32.70	32.76	32.14	0.812 times
15 Mon Jul 2024	32.55	32.63	32.91	32.50	0.806 times
12 Fri Jul 2024	32.14	32.05	32.26	31.88	0.765 times
11 Thu Jul 2024	32.06	31.99	32.18	31.80	1.179 times
10 Wed Jul 2024	31.83	31.70	32.00	31.57	0.967 times

Stock of Dorchester Minerals (DMLP) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.1, but if it comes above 31.1, then a intra day buy could be more profitable.
If you take a sell trade below 31.1, then use 31.1 as stoploss and 30.3 as target. However if you take a buy trade in stock , then use 31.1 as stoploss and 31.64 as target.

Share price targets for Dorchester Minerals (DMLP)

Target Type	Value
Downside Target	29.27
Downside Target	30.60
Upside Target	31.70
Upside Target	32.15
Upside Target	32.26
Upside Target	32.91
Upside Target	33.17
Upside Target	33.26
Upside Target	34.03
Upside Target	35.74

Intraday share price targets for Dorchester Minerals (DMLP)

Target Type	Value
Downside Intraday Target	30.3
Downside Intraday Target	29.82
Upside Intraday Target	31.7
Upside Intraday Target	32.62
Upside Intraday Target	31.22

Weekly technical analysis of Dorchester Minerals (DMLP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	30.77	32.14	32.15	30.75	0.734 times
19 Fri Jul 2024	31.94	32.63	32.91	31.70	1.015 times
12 Fri Jul 2024	32.14	31.01	32.26	30.92	2.115 times
05 Fri Jul 2024	31.06	31.71	32.01	30.75	0.647 times
03 Wed Jul 2024	31.42	31.12	32.01	30.95	0.888 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Dorchester Minerals (DMLP)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	30.77	31.12	32.91	30.75	0.798 times
28 Fri Jun 2024	30.85	32.81	33.17	29.27	0.668 times
31 Fri May 2024	32.99	32.06	33.26	29.59	0.994 times
30 Tue Apr 2024	32.27	33.80	35.74	32.01	1.285 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Dorchester Minerals (DMLP)

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Dorchester Minerals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Dorchester Minerals in short term but the sell signal is initial and weak.

Dorchester Minerals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Dorchester Minerals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Dorchester Minerals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 31.88 and Dorchester Minerals (DMLP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Dorchester Minerals (DMLP) stock. Volume based technical analysis of Dorchester Minerals (DMLP) stock is negative.

Dorchester Minerals Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.