Digital Telecommunications Stock Forecast
Digital Telecommunications stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Digital Telecommunications stock price gained 1.92% on the last trading day (Friday, 3rd May 2024), rising from ฿7.80 to ฿7.95. During the last trading day the stock fluctuated 0.633% from a day low at ฿7.90 to a day high of ฿7.95. The price has risen in 5 of the last 10 days and is up by 1.92% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 6 million shares were bought and sold for approximately ฿46.18 million. 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 stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ฿7.95, a level that may pose a second chance to hit a runner. According to fan-theory ฿8.49 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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DIF.BK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -0.625%. 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). The Digital Telecommunications 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 ฿7.81 and ฿7.76. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Digital Telecommunications stock
Digital Telecommunications finds support from accumulated volume at ฿7.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.0500 between high and low, or 0.633%. For the last week the stock has had daily average volatility of 0.90%.
Our recommended stop-loss: ฿7.67 (-3.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (DIF.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Digital Telecommunications Infrastructure Fund to open at ฿7.93, and during the day (based on 14 day Average True Range), to move between ฿7.85 and ฿8.05, which gives a possible trading interval of +/-฿0.101 (+/-1.27%) up or down from last closing price. If Digital Telecommunications Infrastructure Fund takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿8.00 (0.63%) than the support at ฿7.90 (0.63%), 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.
Earnings coming up
Digital Telecommunications Infrastructure Fund will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Digital Telecommunications Infrastructure Fund, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.43% in the first trading day after earnings release.
Is Digital Telecommunications Infrastructure Fund stock A Buy?
Digital Telecommunications 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.108 Hold/Accumulate Upgraded
Predicted Opening Price for Digital Telecommunications Infrastructure Fund of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿7.93 ( 0.210%) | ฿7.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIF.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.98 | 0.419 % | |
| R2 | 7.96 | 0.179 % | ||
| R1 | 7.95 | 0.0306 % | ||
| Current price: | 7.95 | |||
| Support | S1 | 7.91 | -0.450 % | |
| S2 | 7.90 | -0.598 % | ||
| S3 | 7.88 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.20 | 3.14 % | |
| R2 | 8.15 | 2.52 % | ||
| R1 | 8.00 | 0.629 % | ||
| Current price | 7.95 | |||
| Support | S1 | 7.90 | -0.629% | |
| S2 | 7.85 | -1.26% | ||
| S3 | 7.80 | -1.89% |
DIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Mar 04, 2024 | ฿0.226 | 2.88% |
| 2 | Nov 14, 2023 | Nov 14, 2023 | Nov 14, 2023 | ฿0.226 | 2.76% |
| 3 | Aug 15, 2023 | Aug 15, 2023 | Aug 15, 2023 | ฿0.237 | 2.43% |
| 4 | May 15, 2023 | May 15, 2023 | May 15, 2023 | ฿0.245 | 1.96% |
FAQ
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