DatChat, Inc. Stock Forecast

DatChat, Inc. stock price ended at $1.25 on Tuesday, after losing 0%.
(Updated on Apr 30, 2024)

DATS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 $1.31. On a fall, the stock will find some support from the short-term average at $1.23. 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.

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

DatChat, Inc. finds support from accumulated volume at $1.22 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 $0.109 between high and low, or 8.98%. For the last week, the stock has had daily average volatility of 8.77%.

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 Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect DatChat, Inc. to open at $1.26, and during the day (based on 14 day Average True Range), to move between $1.13 and $1.37, which gives a possible trading interval of +/-$0.117 (+/-9.36%) up or down from last closing price. If DatChat, Inc. takes out the full calculated possible swing range there will be an estimated 18.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.22 (2.40%) than the resistance at $1.33 (6.40%), 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: -1.363 Sell Candidate Unchanged

Predicted Opening Price for DatChat, Inc. of Wednesday, May 1, 2024

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