dotDigital Group Plc Stock Forecast

Green day on Wednesday for dotDigital Group Plc stock after gaining 0.214%
(Updated on May 01, 2024)

DOTD.L Signals & Forecast

The dotDigital Group Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £95.17. On a fall, the stock will find some support from the long-term average at approximately £90.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -6.30%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, May 17, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for dotDigital Group Plc stock

dotDigital Group Plc finds support from accumulated volume at £90.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £3.90 between high and low, or 4.19%. For the last week, the stock has had daily average volatility of 4.68%.

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 2nd

For the upcoming trading day on Thursday, 2nd we expect dotDigital Group Plc to open at £94.53, and during the day (based on 14 day Average True Range), to move between £89.44 and £97.96, which gives a possible trading interval of +/-£4.26 (+/-4.54%) up or down from last closing price. If dotDigital Group Plc takes out the full calculated possible swing range there will be an estimated 9.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £94.70 (1.07%) than the support at £90.50 (3.42%), 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.

Is dotDigital Group Plc stock A Buy?

dotDigital Group Plc 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: -1.464 Sell Candidate Unchanged

Predicted Opening Price for dotDigital Group Plc of Thursday, May 2, 2024

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