dotDigital Group Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
dotDigital Group Plc stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The dotDigital Group Plc stock price gained 0.763% on the last trading day (Friday, 28th Jun 2024), rising from £91.80 to £92.50. During the last trading day the stock fluctuated 4.58% from a day low at £91.70 to a day high of £95.90. The price has been going up and down for this period, and there has been a 1.65% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 127 thousand more shares were traded than the day before. In total, 127 thousand shares were bought and sold for approximately £11.72 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect dotDigital Group Plc stock with a 90% probability to be traded between £90.15 and £102.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DOTD.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 4.52%. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 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 £94.31. On a fall, the stock will find some support from the short-term average at £91.54. 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 from a double top formation was found on Thursday, May 23, 2024 and based on theory for this formation the price should fall by -6.12% to £86.84 within 20 trading days since signal was issued (Friday, June 21, 2024).
Support, Risk & Stop-loss for dotDigital Group Plc stock
dotDigital Group Plc finds support from accumulated volume at £89.70 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 £4.20 between high and low, or 4.58%. For the last week, the stock has had daily average volatility of 3.37%.
Our recommended stop-loss: £87.18 (-5.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (DOTD.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect dotDigital Group Plc to open at £93.37, and during the day (based on 14 day Average True Range), to move between £88.57 and £96.43, which gives a possible trading interval of +/-£3.93 (+/-4.25%) up or down from last closing price. If dotDigital Group Plc takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £93.70 (1.30%) than the support at £89.70 (3.03%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for dotDigital Group Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £93.37 ( 0.94%) | £92.50 |
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 | 97.57 | 5.48% |
| R2 | 95.96 | 3.74% |
| R1 | 94.97 | 2.67% |
| Price | 92.50 | |
| S1 | 91.76 | -0.798% |
| S2 | 90.77 | -1.87% |
| S3 | 89.17 | -3.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.00 | 8.11% |
| R2 | 97.30 | 5.19% |
| R1 | 93.70 | 1.30% |
| Price | 92.50 | |
| S1 | 89.70 | -3.03% |
| S2 | 86.40 | -6.59% |
| S3 | 85.60 | -7.46% |
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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