Digia Oyj Stock Forecast

Evaluation of Digia Oyj stock downgraded after the last trading session.
(Updated on May 02, 2024)

DIGIA.HE Signals & Forecast

There are mixed signals in the stock today. The Digia Oyj stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 5.25€. On a fall, the stock will find some support from the short-term average at 5.21€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Digia Oyj gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.56%. Further rise is indicated until a new top pivot has been found.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 6.35% to 5.55€ within 14 trading days since signal was issued (Friday, May 03, 2024).

Support, Risk & Stop-loss for Digia Oyj stock

Digia Oyj finds support from accumulated volume at 5.20€ 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 0.160€ between high and low, or 3.10%. For the last week the stock has had daily average volatility of 2.20%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DIGIA.HE) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Digia Oyj to open at 5.23€, and during the day (based on 14 day Average True Range), to move between 5.09€ and 5.35€, which gives a possible trading interval of +/-0.133€ (+/-2.55%) up or down from last closing price. If Digia Oyj takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 5.20€ (0.38%) than the resistance at 5.24€ (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Digia Oyj stock A Buy?

Digia Oyj 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: -2.381 Sell Candidate Downgraded

Predicted Opening Price for Digia Oyj of Friday, May 3, 2024

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