Digital Value S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Digital Value S.p.A.
(Updated on Jun 14, 2024)
The Digital Value S.p.A. stock price fell by -1.47% on the last day (Friday, 14th Jun 2024) from 61.20€ to 60.30€. During the last trading day the stock fluctuated 4.04% from a day low at 59.40€ to a day high of 61.80€. The price has fallen in 6 of the last 10 days and is down by -3.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 10 thousand shares were bought and sold for approximately 584.61€ thousand.
Given the current short-term trend, the stock is expected to rise 25.74% during the next 3 months and, with a 90% probability hold a price between 75.82€ and 88.81€ at the end of this 3-month period.
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DGV.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Digital Value S.p.A. 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 62.36€ and 62.93€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -9.87%. 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). 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 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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 2.40€ between high and low, or 4.04%. For the last week the stock has had daily average volatility of 4.27%.
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 17th
For the upcoming trading day on Monday, 17th we expect Digital Value S.p.A. to open at 60.50€, and during the day (based on 14 day Average True Range), to move between 58.42€ and 62.18€, which gives a possible trading interval of +/-1.88€ (+/-3.12%) 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 6.24% 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€ (1.82%) than the resistance at 63.10€ (4.64%), 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: -1.088 Sell Candidate Unchanged
Predicted Opening Price for Digital Value S.p.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 60.50€ ( 0.332%) | 60.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGV.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.90 | 4.31% |
| R2 | 61.98 | 2.79% |
| R1 | 61.42 | 1.85% |
| Price | 60.30 | |
| S1 | 59.58 | -1.19% |
| S2 | 59.02 | -2.13% |
| S3 | 58.10 | -3.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.10 | 6.30% |
| R2 | 64.00 | 6.14% |
| R1 | 63.10 | 4.64% |
| Price | 60.30 | |
| S1 | 59.20 | -1.82% |
| S2 | 58.50 | -2.99% |
| S3 | 54.50 | -9.62% |
DGV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 02, 2024 | 0€ | 0% |
| 2 | Jul 01, 2024 | Jul 01, 2024 | Jul 03, 2024 | 0.95€ | 1.59% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 0.85€ | 1.33% |
FAQ
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