Red day on Tuesday for Digital World Acquisition stock after losing 0%

No changes to the price of Digital World Acquisition stock on the last trading day (Tuesday, 26th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $49.95 to a day high of $49.95. The price has been going up and down for this period, and there has been a 24.28% gain for the last 2 weeks.

On Sep 06, 2022, it was reported that Bank of America Securities gave DWAC a "Buy" grade with a "initialise" action.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 62.33% during the next 3 months and, with a 90% probability hold a price between $61.40 and $113.93 at the end of this 3-month period.

The Digital World Acquisition stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $42.08 and $43.59. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Digital World Acquisition finds support from accumulated volume at $49.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 20.89%

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Digital World Acquisition stock to perform well in the short-term.