DatChat, Inc. Stock Forecast

Volatile ride for DatChat, Inc. stock price on Wednesday moving between $1.15 and $1.30
(Updated on Apr 17, 2024)

DATS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 5.16%. Further rise is indicated until a new top pivot has been found. DatChat, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DatChat, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.35. On a fall, the stock will find some support from the short-term average at $1.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for DatChat, Inc. stock

DatChat, Inc. finds support from accumulated volume at $1.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.155 between high and low, or 13.45%. For the last week, the stock has had daily average volatility of 10.31%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DATS) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect DatChat, Inc. to open at $1.22, and during the day (based on 14 day Average True Range), to move between $1.08 and $1.36, which gives a possible trading interval of +/-$0.142 (+/-11.62%) up or down from last closing price. If DatChat, Inc. takes out the full calculated possible swing range there will be an estimated 23.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.21 (0.82%) than the resistance at $1.33 (9.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DatChat, Inc. stock A Buy?

DatChat, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.372 Sell Candidate Unchanged

Predicted Opening Price for DatChat, Inc. of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.