Docebo Inc. Stock Forecast
Docebo Inc. stock price ended at $61.60 on Thursday, after losing 0.92%.
(Updated on May 02, 2024)
The Docebo Inc. stock price fell by -0.92% on the last day (Thursday, 2nd May 2024) from $62.17 to $61.60. During the last trading day the stock fluctuated 2.42% from a day low at $61.12 to a day high of $62.60. The price has fallen in 6 of the last 10 days but is still up by 0.64% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -34 thousand shares and in total, 16 thousand shares were bought and sold for approximately $1.01 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $59.07 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.15% during the next 3 months and, with a 90% probability hold a price between $56.62 and $68.86 at the end of this 3-month period.
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DCBO.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.13%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Docebo 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 $64.52. On a fall, the stock will find some support from the short-term average at $61.60. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Docebo Inc. stock
Docebo Inc. finds support from accumulated volume at $60.17 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.48 between high and low, or 2.42%. For the last week the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: $58.15 (-5.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (DCBO.TO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Docebo Inc. to open at $61.77, and during the day (based on 14 day Average True Range), to move between $59.83 and $63.37, which gives a possible trading interval of +/-$1.77 (+/-2.88%) up or down from last closing price. If Docebo Inc. takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $60.17 (2.32%) than the resistance at $72.13 (17.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Docebo Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.190. We will update the financials statements for Docebo Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.85% in the first trading day after earnings release.
Is Docebo Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.207 Buy Candidate Unchanged
Predicted Opening Price for Docebo Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $61.77 ( 0.281%) | $61.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCBO.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.25 | 2.68 % | |
| R2 | 62.69 | 1.77 % | ||
| R1 | 62.34 | 1.20 % | ||
| Current price: | 61.60 | |||
| Support | S1 | 61.21 | -0.636 % | |
| S2 | 60.86 | -1.20 % | ||
| S3 | 60.29 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.08 | 20.26 % | |
| R2 | 72.93 | 18.39 % | ||
| R1 | 72.13 | 17.09 % | ||
| Current price | 61.60 | |||
| Support | S1 | 60.17 | -2.32% | |
| S2 | 57.81 | -6.15% | ||
| S3 | 56.48 | -8.31% |
FAQ
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