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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Dorchester Minerals, L.P. - Common Units Representing Limited Partnership Interests (NASDAQ:DMLP)
Sidelines Mode (-55) - DMLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DMLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DMLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DMLP
The long-term trend has been UP since Jul 12th, 2023 at 31.5899
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 33.1500
The short-term trend has been UP since May 8th, 2024 at 32.6400
Smart Scan Analysis for DMLP
Based on our trend formula, DMLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 31.9400 | 32.8000 | 31.7712 | 32.2600 | +0.3200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.3000 | 39464 | 2024-05-08 15:59:41 |
| Year High | 21.15 | Year High Date | 2018-09-26 |
| Year Low | 15.05 | Year Low Date | 2018-01-02 |
| 52wk High | 35.74 | 52wk High Date | 2024-04-03 |
| 52wk Low | 27.16 | 52wk Low Date | 2023-11-07 |
| Year End Close | 20.328 | Average Volume | 86,152 |
| Shares Outstanding | 40,089 | Short Interest | 24,754 |
| % Institutional | 14.7 | Market Cap | 633M |
| Assets | 184,812,000M | Liabilities | 5,459,000M |
| P/E Ratio | 12.3798 | Beta | 0.69 |
| Volatility | 34.09 |