DIGG USD Stock Forecast
Weaker technical forecast for DIGG USD as stock downgraded to Sell Candidate.
(Updated on Jun 24, 2024)
No changes to the price of DIGG USD stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $724.22 to a day high of $724.22. The price has risen in 5 of the last 10 days and is up by 6.28% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.03% during the next 3 months and, with a 90% probability hold a price between $477.72 and $710.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DIGGUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. The DIGG USD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $738.31 and $729.83. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Friday, May 17, 2024 and based on theory for this formation the price should go up by 12.09% to $811.77 within 14 trading days since signal was issued (Friday, May 31, 2024).
Support, Risk & Stop-loss for DIGG USD stock
DIGG USD finds support from accumulated volume at $719.36 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 19.18%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DIGGUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect DIGG USD to open at $724.22, and during the day (based on 14 day Average True Range), to move between $599.46 and $848.98, which gives a possible trading interval of +/-$124.76 (+/-17.23%) up or down from last closing price. If DIGG USD takes out the full calculated possible swing range there will be an estimated 34.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $719.36 (0.67%) than the resistance at $752.44 (3.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DIGG USD stock A Buy?
DIGG USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.785 Sell Candidate Downgraded
Predicted Opening Price for DIGG USD of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $724.22 ( 0%) | $724.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIGGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 724.22 | - |
| R2 | 724.22 | - |
| R1 | 724.22 | - |
| Price | 724.22 | |
| S1 | 724.22 | - |
| S2 | 724.22 | - |
| S3 | 724.22 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 897.31 | 23.90% |
| R2 | 844.05 | 16.55% |
| R1 | 752.44 | 3.90% |
| Price | 724.22 | |
| S1 | 719.36 | -0.670% |
| S2 | 712.64 | -1.60% |
| S3 | 659.59 | -8.92% |
FAQ
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