dotDigital Group Plc Stock Forecast
Red day on Wednesday for dotDigital Group Plc
(Updated on Jun 19, 2024)
No changes to the price of dotDigital Group Plc stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £89.00 to a day high of £89.00. The price has fallen in 5 of the last 10 days and is down by -4.3% for this period.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £89.11. A reaction back to this level may hold a second chance to get out before further falls.
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DOTD.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The dotDigital Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £90.91 and £94.53. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for dotDigital Group Plc stock
dotDigital Group Plc finds support from accumulated volume at £86.40 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 3.90%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOTD.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect dotDigital Group Plc to open at £89.00, and during the day (based on 14 day Average True Range), to move between £84.98 and £93.02, which gives a possible trading interval of +/-£4.02 (+/-4.52%) up or down from last closing price. If dotDigital Group Plc takes out the full calculated possible swing range there will be an estimated 9.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £86.40 (2.92%) than the resistance at £93.70 (5.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is dotDigital Group Plc stock A Buy?
The dotDigital Group Plc stock holds several negative signals and despite the positive trend, we believe dotDigital Group Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.187 Sell Candidate Unchanged
Predicted Opening Price for dotDigital Group Plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £89.00 ( 0%) | £89.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOTD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 89.00 | - |
| R2 | 89.00 | - |
| R1 | 89.00 | - |
| Price | 89.00 | |
| S1 | 89.00 | - |
| S2 | 89.00 | - |
| S3 | 89.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.00 | 12.36% |
| R2 | 97.30 | 9.33% |
| R1 | 93.70 | 5.28% |
| Price | 89.00 | |
| S1 | 86.40 | -2.92% |
| S2 | 86.00 | -3.37% |
| S3 | 85.60 | -3.82% |
DOTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | £1.00 | 1.02% |
| 2 | Dec 21, 2022 | Jan 12, 2023 | Jan 31, 2023 | £0.98 | 1.05% |
| 3 | Nov 16, 2021 | Jan 13, 2022 | Jan 31, 2022 | £0.86 | 0.586% |
| 4 | Nov 18, 2020 | Jan 07, 2021 | Jan 29, 2021 | £0.83 | 0.465% |
| 5 | Oct 15, 2019 | Jan 09, 2020 | Jan 31, 2020 | £0.670 | 0.590% |
FAQ
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