RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DMGGF
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Red day on Wednesday for Dmg Blockchain Solutions Inc
(Updated on Mar 27, 2024)

Sell candidate since Mar 08, 2024 Loss -1.11% PDF

The Dmg Blockchain Solutions Inc stock price fell by -4.20% on the last day (Wednesday, 27th Mar 2024) from $0.428 to $0.410. During the last trading day the stock fluctuated 7.52% from a day low at $0.407 to a day high of $0.438. The price has been going up and down for this period, and there has been a 8.46% gain for the last 2 weeks. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 123 thousand shares were bought and sold for approximately $50.35 thousand.

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 -8.81% during the next 3 months and, with a 90% probability hold a price between $0.269 and $0.453 at the end of this 3-month period.

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DMGGF Signals & Forecast

There are mixed signals in the stock today. The Dmg Blockchain Solutions Inc 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 $0.433. On a fall, the stock will find some support from the short-term average at $0.410. 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. A sell signal was issued from a pivot top point on Wednesday, February 14, 2024, and so far it has fallen -21.08%. Further fall is indicated until a new bottom pivot has been found. Dmg Blockchain Solutions Inc 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Dmg Blockchain Solutions Inc stock

Dmg Blockchain Solutions Inc finds support from accumulated volume at $0.409 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0306 between high and low, or 7.52%. For the last week, the stock has had daily average volatility of 7.34%.

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

Trading Expectations (DMGGF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dmg Blockchain Solutions Inc to open at $0.418, and during the day (based on 14 day Average True Range), to move between $0.373 and $0.448, which gives a possible trading interval of +/-$0.0376 (+/-9.16%) up or down from last closing price. If Dmg Blockchain Solutions Inc takes out the full calculated possible swing range there will be an estimated 18.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.409 (0.34%) than the resistance at $0.455 (10.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dmg Blockchain Solutions Inc stock A Buy?

Dmg Blockchain Solutions Inc 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.

Current score: -4.043 Sell Candidate Unchanged

Predicted Opening Price for Dmg Blockchain Solutions Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.418 ( 1.95%) $0.410

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

Trading levels for DMGGF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.449 9.41 %
R2 0.437 6.56 %
R1 0.430 4.80 %
Current price: 0.410
Support S1 0.407 -0.90 %
S2 0.399 -2.66 %
S3 0.388 -5.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.511 24.46 %
R2 0.487 18.76 %
R1 0.455 10.94 %
Current price 0.410
Support S1 0.409 -0.341%
S2 0.400 -2.61%
S3 0.337 -18.01%

FAQ

What is the symbol for Dmg Blockchain Solutions Inc Stock and on which exchange is it traded?
The symbol for Dmg Blockchain Solutions Inc is DMGGF and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell Dmg Blockchain Solutions Inc Stock?
Dmg Blockchain Solutions Inc 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.

How to buy Dmg Blockchain Solutions Inc Stock?
Dmg Blockchain Solutions Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dmg Blockchain Solutions Inc Stock.

What's the current price of Dmg Blockchain Solutions Inc Stock?
As of the end of day on the 2024-03-27, the price of an Dmg Blockchain Solutions Inc (DMGGF) share was $0.410.

What is the 52-week high and low for Dmg Blockchain Solutions Inc Stock?
The 52-week high for Dmg Blockchain Solutions Inc Stock is $0.580 and the 52-week low is $0.168.

What is the market capitalization of Dmg Blockchain Solutions Inc Stock?
As of the 2024-03-27, the market capitalization of Dmg Blockchain Solutions Inc is 69.3M.

When is the next earnings date for Dmg Blockchain Solutions Inc?
The upcoming earnings date for Dmg Blockchain Solutions Inc is May 28, 2024.
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About Dmg Blockchain Solutions Inc

Dmg Blockchain Solutions DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification services; and providing hosting services for industrial mining clients. It also provides infrastructure consulting in various fields, including location and power infrastructure review, air flow and cooling contact, h... DMGGF Profile

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