Dominion Hosting Holding 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
Dominion Hosting Holding S.p.A. stock price ended at 27.00€ on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Dominion Hosting Holding S.p.A. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 3.05% from a day low at 26.20€ to a day high of 27.00€. The price has been going up and down for this period, and there has been a 2.27% gain for the last 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 95.91% during the next 3 months and, with a 90% probability hold a price between 48.73€ and 54.23€ at the end of this 3-month period.
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DHH.MI Signals & Forecast
The Dominion Hosting Holding 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 26.54€ and 22.75€. 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 Wednesday, June 26, 2024, and so far it has fallen -0.735%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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.
Golden Star 12 Months
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 0.80€ between high and low, or 3.05%. For the last week the stock has had daily average volatility of 5.49%.
Our recommended stop-loss: 26.06€ (-3.49%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (DHH.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dominion Hosting Holding S.p.A. to open at 26.73€, and during the day (based on 14 day Average True Range), to move between 25.94€ and 28.06€, which gives a possible trading interval of +/-1.06€ (+/-3.92%) 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 7.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 27.20€ (0.74%) than the support at 23.40€ (13.33%), 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.
Current score: 3.222 Buy Candidate Unchanged
Predicted Opening Price for Dominion Hosting Holding S.p.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 26.73€ ( 0.99%) | 27.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHH.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.53 | 1.98% |
| R2 | 27.23 | 0.84% |
| R1 | 27.04 | 0.144% |
| Price | 27.00 | |
| S1 | 26.43 | -2.12% |
| S2 | 26.24 | -2.82% |
| S3 | 25.93 | -3.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 27.20 | 0.741% |
| Price | 27.00 | |
| S1 | 23.40 | -13.33% |
| S2 | 21.20 | -21.48% |
| S3 | 20.60 | -23.70% |
FAQ
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