Digital Value S.p.A. Stock Forecast

Digital Value S.p.A. stock downgraded to Buy Candidate
(Updated on May 21, 2024)

DGV.MI Signals & Forecast

The Digital Value S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 65.03€ and 57.76€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -1.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Digital Value S.p.A. stock

Digital Value S.p.A. finds support from accumulated volume at 64.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 1.60€ between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.47%.

The Digital Value S.p.A. stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 63.18€ (-3.54%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (DGV.MI) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Digital Value S.p.A. to open at 65.70€, and during the day (based on 14 day Average True Range), to move between 63.77€ and 67.23€, which gives a possible trading interval of +/-1.73€ (+/-2.64%) up or down from last closing price. If Digital Value S.p.A. takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 66.50€ (1.53%) than the support at 64.00€ (2.29%), 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 Digital Value S.p.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Digital Value S.p.A. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.363 Buy Candidate Downgraded

Predicted Opening Price for Digital Value S.p.A. of Wednesday, May 22, 2024

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