Shares Digitalisation UCITS USD (Acc) ETF Forecast
Shares Digitalisation UCITS USD (Acc) ETF price ended at £8.59 on Thursday, after gaining 0.91%.
(Updated on May 02, 2024)
The Shares Digitalisation UCITS USD (Acc) ETF price gained 0.91% on the last trading day (Thursday, 2nd May 2024), rising from £8.51 to £8.59. During the last trading day the ETF fluctuated 1.20% from a day low at £8.51 to a day high of £8.62. The price has fallen in 6 of the last 10 days and is down by -0.35% for this period. Volume fell on the last day by -47 thousand shares and in total, 38 thousand shares were bought and sold for approximately £328.68 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shares Digitalisation UCITS USD (Acc) ETF with a 90% probability to be traded between £8.39 and £8.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DGTL.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.42%. 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 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 £8.60 and £8.81. 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 the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Shares Digitalisation UCITS USD (Acc) ETF
Shares Digitalisation UCITS USD (Acc) finds support from accumulated volume at £8.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved £0.103 between high and low, or 1.20%. For the last week the ETF has had daily average volatility of 0.98%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Shares Digitalisation UCITS ETF USD (Acc) to open at £8.57, and during the day (based on 14 day Average True Range), to move between £8.47 and £8.70, which gives a possible trading interval of +/-£0.119 (+/-1.38%) 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 2.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £8.57 (0.17%) than the resistance at £8.72 (1.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shares Digitalisation UCITS ETF USD (Acc) ETF A Buy?
Shares Digitalisation UCITS USD (Acc) holds several negative signals and is within a 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 ETF.
Current score: -1.239 Sell Candidate Unchanged
Predicted Opening Price for Shares Digitalisation UCITS ETF USD (Acc) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £8.57 ( 0.165%) | £8.59 |
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 | 8.67 | 1.03 % | |
| R2 | 8.63 | 0.573 % | ||
| R1 | 8.61 | 0.291 % | ||
| Current price: | 8.59 | |||
| Support | S1 | 8.53 | -0.621 % | |
| S2 | 8.51 | -0.90 % | ||
| S3 | 8.47 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.89 | 3.49 % | |
| R2 | 8.87 | 3.29 % | ||
| R1 | 8.72 | 1.51 % | ||
| Current price | 8.59 | |||
| Support | S1 | 8.57 | -0.175% | |
| S2 | 8.50 | -0.96% | ||
| S3 | 8.48 | -1.21% |
FAQ
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