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Dragoneer Growth Opportunities Corp. II Stock Forecast NASDAQ:DGNS

$9.99 (0%)

Volume: 779k

Closed: Nov 26, 2021

Hollow Logo Score: -1.564

Dragoneer Growth Opportunities Corp. II Stock Forecast

$9.99 (0%)

Volume: 779k

Closed: Nov 26, 2021

Score Hollow Logo -1.564
Which way will DGNS go? Request

DGNS Stock Risk

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0355 between high and low, or 0.36%. For the last week the stock has had a daily average volatility of 0.61%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 80 ] RSI14 is 41 and the stock is currently not being overbought or oversold

Red day on Friday for Dragoneer Growth Opportunities Corp. II
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-22 Loss -0.40%

No changes to the price of Dragoneer Growth Opportunities Corp. II stock on the last trading day (Friday, 26th Nov 2021). During the day the stock fluctuated 0.36% from a day low at $9.97 to a day high of $10.01. The price has fallen in 6 of the last 10 days and is down by -0.79% for this period.

The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $10.00. A reaction back to this level may hold a second chance to get out before further falls.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dragoneer Growth Opportunities Corp. II 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 $10.04 and $10.06. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss

Dragoneer Growth Opportunities Corp. II finds support from accumulated volume at $9.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0355 between high and low, or 0.36%. For the last week the stock has had a daily average volatility of 0.61%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Dragoneer Growth Opportunities Corp. II stock A Buy?

The Dragoneer Growth Opportunities Corp. II stock holds several negative signals and despite the positive trend, we believe Dragoneer Growth Opportunities Corp. II will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.564

Predicted Opening Price for Dragoneer Growth Opportunities Corp. II of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$9.99 $9.99 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 0.61 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.61 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $10.27
Price: $9.99
Support: $9.98

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.02 0.34 %
10.01 0.20 %
10.00 0.12 %
Current price: 9.99
Support 9.97 -0.15 %
9.97 -0.23 %
9.95 -0.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.49 5.01 %
10.36 3.70 %
10.27 2.80 %
Current price 9.99
Support 9.98 -0.10%
9.95 -0.40%
9.90 -0.90%

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