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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 2024-05-31 View latest technical analysis

10 day averaged volume of Dorchester Minerals is 53846

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	32.99	32.24	33.10	32.24	0.442 times
30 Thu May 2024	32.24	32.38	32.54	32.23	0.249 times
29 Wed May 2024	32.25	32.87	32.87	32.22	0.477 times
28 Tue May 2024	32.49	31.86	33.26	31.27	3.332 times
23 Thu May 2024	31.66	31.69	31.93	31.36	0.464 times
22 Wed May 2024	31.51	31.51	31.80	31.02	0.906 times
21 Tue May 2024	31.72	32.24	32.32	31.50	1.45 times
20 Mon May 2024	32.12	31.83	32.48	31.51	0.812 times
17 Fri May 2024	31.76	31.70	32.03	31.53	0.514 times
16 Thu May 2024	31.72	32.13	32.46	31.55	0.589 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 32.7, but if it comes below 32.7, then a intra day sell could be more profitable.
If you take a sell trade below 32.7, then use 32.7 as stoploss and 32.06 as target. However if you take a buy trade in stock , then use 32.7 as stoploss and 33.4 as target.

Share price targets for Dorchester Minerals (DMLP)

Target Type	Value
Downside Target	29.01
Downside Target	29.59
Downside Target	30.31
Upside Target	33.00
Upside Target	33.02
Upside Target	33.26
Upside Target	33.37
Upside Target	33.60
Upside Target	34.03
Upside Target	35.74

Intraday share price targets for Dorchester Minerals (DMLP)

Target Type	Value
Downside Intraday Target	31.75
Downside Intraday Target	30.52
Upside Intraday Target	33.74
Upside Intraday Target	34.5
Downside Intraday Target	32.51

Weekly technical analysis of Dorchester Minerals (DMLP)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	32.99	31.86	33.26	31.27	1.239 times
23 Thu May 2024	31.66	31.83	32.48	31.02	0.935 times
17 Fri May 2024	31.76	32.70	33.02	31.53	0.387 times
10 Fri May 2024	32.42	30.64	33.00	29.59	1.28 times
03 Fri May 2024	30.88	33.00	33.37	30.75	0.904 times

Price has moved up 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
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
28 Thu Mar 2024	33.72	31.17	34.03	30.60	0.609 times
29 Thu Feb 2024	30.91	31.30	31.51	29.01	1.015 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Dorchester Minerals ( (DMLP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Dorchester Minerals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Dorchester Minerals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 32.11 and Dorchester Minerals (DMLP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.