Digital Value S.p.A. Stock Forecast

Digital Value S.p.A. stock price down 0.165% on Friday
(Updated on Jun 21, 2024)

DGV.MI Signals & Forecast

There are few to no technical positive signals at the moment. The Digital Value S.p.A. 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 63.18€. On a fall, the stock will find some support from the short-term average at 60.36€. 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. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -9.72%. 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). Digital Value S.p.A. 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 Digital Value S.p.A. stock

Digital Value S.p.A. finds support from accumulated volume at 59.20€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.10€ (1.84%) between high and low. For the last week, the stock has had daily average volatility of 2.01%.

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

Trading Expectations (DGV.MI) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Digital Value S.p.A. to open at 60.43€, and during the day (based on 14 day Average True Range), to move between 58.73€ and 62.07€, which gives a possible trading interval of +/-1.67€ (+/-2.77%) 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 5.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 59.20€ (1.99%) than the resistance at 63.10€ (4.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Digital Value S.p.A. stock A Buy?

The Digital Value S.p.A. stock holds several negative signals and despite the positive trend, we believe Digital Value S.p.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.902 Sell Candidate Unchanged

Predicted Opening Price for Digital Value S.p.A. of Monday, June 24, 2024

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