Is dmac stock good for day trade

**Diamedica Therapeutics Inc. (DMAC) is not a good candidate for day trading.** Here's why:

1. **Recent Volatility**: The stock has experienced significant volatility in the past week, with a large percentage change of 30.97% on June 26th, followed by a sharp decline of -5.08% on July 2nd. This level of volatility can make it challenging to predict the stock's direction and can lead to increased risk for day traders.

|Ticker|Name|Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|DMAC.O|Diamedica|30.9735|20240626|DMAC|186|
|DMAC.O|Diamedica|3.0405|20240627|DMAC|186|
|DMAC.O|Diamedica|-3.2787|20240628|DMAC|186|
|DMAC.O|Diamedica|0|20240701|DMAC|186|
|DMAC.O|Diamedica|-5.0847|20240702|DMAC|186|

2. **Moving Averages**: The stock's 5-day moving average is $2.94, the 10-day moving average is $2.6, and the 20-day moving average is $2.74. The proximity of these moving averages to each other suggests a lack of directional momentum, which can make day trading more difficult.

|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|DMAC.O|Diamedica|2.9420|2.7403|2.5950|20240702|DMAC|186|

3. **Technical Indicators**: The stock's RSI is at 57.4, which is considered neutral. The MACD is at 0.15, and the KDJ is at 82.19, which may indicate a potential for a pullback or consolidation rather than a strong directional move.

|Ticker|Name|RSI|MACD|KDJ|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|DMAC.O|Diamedica|57.4025|0.1450|82.1935|20240702|DMAC|186|

4. **Market Sentiment**: There is a mixed sentiment among analysts, with some indicating a strong buy, while others suggest a sell or hold. This lack of consensus can make it challenging for day traders to time their trades effectively.
5. **Recent News**: There is no recent news specifically indicating a strong reason for day trading the stock. The stock's movement appears to be more influenced by market sentiment and technical indicators.

In conclusion, while day trading can be profitable, the high volatility, lack of clear momentum, and mixed analyst sentiment suggest that DMAC is not a good candidate for day trading. It is important to consider these factors and conduct thorough research before engaging in any trading activity.