Digital Bros S.p.A. Stock Forecast
Green day on Friday for Digital Bros S.p.A. stock after gaining 0.591%
(Updated on May 31, 2024)
The Digital Bros S.p.A. stock price gained 0.591% on the last trading day (Friday, 31st May 2024), rising from 10.16€ to 10.22€. During the last trading day the stock fluctuated 3.19% from a day low at 10.04€ to a day high of 10.36€. The price has fallen in 6 of the last 10 days but is still up by 0.39% over the past 2 weeks. Volume fell on the last day by -105 thousand shares and in total, 41 thousand shares were bought and sold for approximately 417.27€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 25.96% during the next 3 months and, with a 90% probability hold a price between 11.38€ and 14.54€ at the end of this 3-month period.
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DIB.MI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -7.09%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Digital Bros 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 9.82€ and 9.36€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Digital Bros S.p.A. stock
Digital Bros S.p.A. finds support from accumulated volume at 10.16€ 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 0.320€ between high and low, or 3.19%. For the last week the stock has had daily average volatility of 6.08%.
Our recommended stop-loss: 9.63€ (-5.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (DIB.MI) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Digital Bros S.p.A. to open at 10.21€, and during the day (based on 14 day Average True Range), to move between 9.73€ and 10.71€, which gives a possible trading interval of +/-0.489€ (+/-4.78%) 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 9.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 10.16€ (0.59%) than the resistance at 10.46€ (2.35%), 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 Bros 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 Digital Bros S.p.A. stock to perform well in the short-term.
Current score: 2.337 Buy Candidate Unchanged
Predicted Opening Price for Digital Bros S.p.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 10.21€ ( 0.130%) | 10.22€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIB.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.53 | 3.00 % | |
| R2 | 10.40 | 1.80 % | ||
| R1 | 10.33 | 1.07 % | ||
| Current price: | 10.22 | |||
| Support | S1 | 10.08 | -1.33 % | |
| S2 | 10.01 | -2.07 % | ||
| S3 | 9.89 | -3.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.00 | 7.63 % | |
| R2 | 10.60 | 3.72 % | ||
| R1 | 10.46 | 2.35 % | ||
| Current price | 10.22 | |||
| Support | S1 | 10.16 | -0.587% | |
| S2 | 8.33 | -18.49% | ||
| S3 | 8.17 | -20.06% |
DIB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 05, 2022 | Dec 05, 2022 | Dec 05, 2022 | 0.180€ | 0.756% |
| 2 | Dec 06, 2021 | Dec 06, 2021 | Dec 06, 2021 | 0.180€ | 0.597% |
| 3 | Dec 14, 2020 | Dec 14, 2020 | Dec 14, 2020 | 0.150€ | 0.82% |
| 4 | Dec 11, 2017 | Dec 11, 2017 | Dec 11, 2017 | 0.150€ | 1.35% |
| 5 | Dec 12, 2016 | Dec 12, 2016 | Dec 12, 2016 | 0.130€ | 0.82% |
FAQ
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