DigitalX Limited Stock Forecast
DigitalX Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 18, 2024)
No changes to the price of DigitalX Limited stock on the last trading day (Tuesday, 18th Jun 2024). During the last trading day the stock fluctuated 9.76% from a day low at $0.0410 to a day high of $0.0450. The price has fallen in 5 of the last 10 days and is down by -15.38% for this period.
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 $0.0436 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.71% during the next 3 months and, with a 90% probability hold a price between $0.0311 and $0.0379 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DCC.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 DigitalX Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0486 and $0.0514. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for DigitalX Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0040 between high and low, or 9.76%. For the last week, the stock has had daily average volatility of 6.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DCC.AX) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect DigitalX Limited to open at $0.0433, and during the day (based on 14 day Average True Range), to move between $0.0404 and $0.0476, which gives a possible trading interval of +/-$0.0036 (+/-8.24%) up or down from last closing price. If DigitalX Limited takes out the full calculated possible swing range there will be an estimated 16.47% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0500, some $0.0060 (13.64%) from the current price of $0.0440, our system finds the risk reward not very attractive.
Is DigitalX Limited stock A Buy?
DigitalX Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.956 Sell Candidate Upgraded
Predicted Opening Price for DigitalX Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $0.0433 ( 1.52%) | $0.0440 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0473 | 7.58% |
| R2 | 0.0458 | 4.10% |
| R1 | 0.0449 | 1.96% |
| Price | 0.0440 | |
| S1 | 0.0418 | -4.99% |
| S2 | 0.0409 | -7.13% |
| S3 | 0.0393 | -10.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0540 | 22.73% |
| R2 | 0.0530 | 20.45% |
| R1 | 0.0500 | 13.64% |
| Price | 0.0440 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
DCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 18, 2005 | Aug 24, 2005 | Sep 10, 2005 | $0.453 | 4.88% |
FAQ
Click here for our free guide on how to buy DigitalX Limited Stock.
