Digital Bros S.p.A. Stock Forecast

Red day on Friday for Digital Bros S.p.A. stock after losing 0.97%
(Updated on May 17, 2024)

DIB.MI Signals & Forecast

The Digital Bros 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 10.46€. On a fall, the stock will find some support from the long-term average at approximately 8.92€. 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 Monday, May 13, 2024, and so far it has fallen -7.45%. 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 Bros S.p.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 8.33€ and 8.19€. 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, Digital Bros S.p.A. finds support just below today's level at 8.33€. If this is broken, then the next support from accumulated volume will be at 8.19€ and 8.17€.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.460€ between high and low, or 4.52%. For the last week the stock has had daily average volatility of 5.52%.

Our recommended stop-loss: 9.61€ (-5.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (DIB.MI) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Digital Bros S.p.A. to open at 10.33€, and during the day (based on 14 day Average True Range), to move between 9.70€ and 10.66€, which gives a possible trading interval of +/-0.478€ (+/-4.70%) up or down from last closing price. If Digital Bros S.p.A. takes out the full calculated possible swing range there will be an estimated 9.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 10.46€ (2.75%) than the support at 8.33€ (18.17%), 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 Bros S.p.A. stock A Buy?

Digital Bros S.p.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.304 Hold/Accumulate Unchanged

Predicted Opening Price for Digital Bros S.p.A. of Monday, May 20, 2024

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