Digitalbox PLC Stock Forecast

Digitalbox PLC stock price up more than 5.56% on Friday
(Updated on Apr 26, 2024)

DBOX.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.56%. 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). Digitalbox PLC 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 Digitalbox PLC 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 £3.94. On a fall, the stock will find some support from the short-term average at £3.77. 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. The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Digitalbox PLC stock

Digitalbox PLC finds support from accumulated volume at £3.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.0600 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 0.321%.

Our recommended stop-loss: £3.65 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (DBOX.L) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Digitalbox PLC to open at £3.78, and during the day (based on 14 day Average True Range), to move between £3.70 and £3.90, which gives a possible trading interval of +/-£0.102 (+/-2.68%) up or down from last closing price. If Digitalbox PLC takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £3.82 (0.63%) than the support at £3.75 (1.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Digitalbox PLC stock A Buy?

Digitalbox PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.467 Hold/Accumulate Upgraded

Predicted Opening Price for Digitalbox PLC of Monday, April 29, 2024

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