Deregallera Holdings Ltd Stock Forecast

Red day on Friday for Deregallera Holdings Ltd
(Updated on Jun 28, 2024)

DGI.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 13.79%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Deregallera Holdings Ltd 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 £0.100. On a fall, the stock will find some support from the short-term average at £0.0818. 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 Deregallera Holdings Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0775 and £0.0725. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.0725 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.0062 between high and low, or 7.67%. For the last week, the stock has had daily average volatility of 15.89%.

Our recommended stop-loss: £0.0779 (-5.53%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (DGI.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Deregallera Holdings Ltd to open at £0.0834, and during the day (based on 14 day Average True Range), to move between £0.0715 and £0.0935, which gives a possible trading interval of +/-£0.0110 (+/-13.33%) up or down from last closing price. If Deregallera Holdings Ltd takes out the full calculated possible swing range there will be an estimated 26.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.0850 (3.03%) than the support at £0.0775 (6.06%), 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 Deregallera Holdings Ltd stock A Buy?

Deregallera Holdings Ltd 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Deregallera Holdings Ltd of Monday, July 1, 2024

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