Dominion Hosting Holding S.p.A. Stock Forecast

Dominion Hosting Holding S.p.A. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

DHH.MI Signals & Forecast

The Dominion Hosting Holding S.p.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 26.14€. On a fall, the stock will find some support from the long-term average at approximately 21.98€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 21, 2024, and so far it has fallen -1.52%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Dominion Hosting Holding S.p.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 23.40€ and 21.20€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dominion Hosting Holding S.p.A. finds support just below today's level at 23.40€. If this is broken, then the next support from accumulated volume will be at 21.20€ and 20.60€.

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 1.20€ between high and low, or 4.84%. For the last week the stock has had daily average volatility of 3.03%.

Our recommended stop-loss: 25.11€ (-3.42%) (This stock has high daily movements and this gives high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (DHH.MI) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Dominion Hosting Holding S.p.A. to open at 25.60€, and during the day (based on 14 day Average True Range), to move between 25.03€ and 26.97€, which gives a possible trading interval of +/-0.97€ (+/-3.73%) up or down from last closing price. If Dominion Hosting Holding S.p.A. takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 26.20€ (0.77%) than the support at 23.40€ (10.00%), 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 Dominion Hosting Holding 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 Dominion Hosting Holding S.p.A. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.456 Buy Candidate Upgraded

Predicted Opening Price for Dominion Hosting Holding S.p.A. of Wednesday, June 26, 2024

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