Shares Digitalisation UCITS USD (Acc) ETF Forecast
Weaker technical forecast for Shares Digitalisation UCITS USD (Acc) as ETF downgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The Shares Digitalisation UCITS USD (Acc) ETF price fell by -1.55% on the last day (Friday, 19th Apr 2024) from £8.62 to £8.48. During the last trading day the ETF fluctuated 0.739% from a day low at £8.46 to a day high of £8.52. The price has fallen in 8 of the last 10 days and is down by -5.26% for this period. Volume has increased on the last day by 83 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 98 thousand shares were bought and sold for approximately £828.02 thousand.
Given the current short-term trend, the ETF is expected to rise 2.60% during the next 3 months and, with a 90% probability hold a price between £8.70 and £9.39 at the end of this 3-month period.
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DGTL.L Signals & Forecast
There are few to no technical positive signals at the moment. The Shares Digitalisation UCITS USD (Acc) ETF 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 £8.67 and £8.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Shares Digitalisation UCITS USD (Acc) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Shares Digitalisation UCITS USD (Acc) ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £0.0625 between high and low, or 0.739%. For the last week the ETF has had daily average volatility of 0.95%.
Shares Digitalisation UCITS USD (Acc) is oversold on RSI14 (17). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DGTL.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Shares Digitalisation UCITS ETF USD (Acc) to open at £8.49, and during the day (based on 14 day Average True Range), to move between £8.37 and £8.59, which gives a possible trading interval of +/-£0.110 (+/-1.30%) up or down from last closing price. If Shares Digitalisation UCITS ETF USD (Acc) takes out the full calculated possible swing range there will be an estimated 2.60% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £8.72, some £0.234 (2.76%) from the current price of £8.48, our system finds the risk reward not very attractive.
Is Shares Digitalisation UCITS ETF USD (Acc) ETF A Buy?
The Shares Digitalisation UCITS USD (Acc) ETF holds several negative signals and despite the positive trend, we believe Shares Digitalisation UCITS USD (Acc) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.504 Sell Candidate Downgraded
Predicted Opening Price for Shares Digitalisation UCITS ETF USD (Acc) of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
£8.49 ( 0.0590%) | £8.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGTL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.55 | 0.796 % | |
R2 | 8.52 | 0.514 % | ||
R1 | 8.51 | 0.340 % | ||
Current price: | 8.48 | |||
Support | S1 | 8.46 | -0.223 % | |
S2 | 8.45 | -0.396 % | ||
S3 | 8.42 | -0.678 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.89 | 4.76 % | |
R2 | 8.87 | 4.55 % | ||
R1 | 8.72 | 2.76 % | ||
Current price | 8.48 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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