Dragon Capital Group Corp Stock Forecast
Big movements in Dragon Capital Group Corp stock price on Friday moving 100.00% between high and low
(Updated on May 03, 2024)
The Dragon Capital Group Corp stock price gained 33.33% on the last trading day (Friday, 3rd May 2024), rising from $0.0003 to $0.0004. During the last trading day the stock fluctuated 100.00% from a day low at $0.0002 to a day high of $0.0004. The price has been going up and down for this period, and there has been a 33.33% 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, 100 thousand more shares were traded than the day before. In total, 130 thousand shares were bought and sold for approximately $52.00 .
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 -8.15% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0005 at the end of this 3-month period.
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DRGV Signals & Forecast
The Dragon Capital Group Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0004 and $0.0004. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 100.00%. Further rise is indicated until a new top pivot has been found. Dragon Capital Group Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Monday, April 29, 2024 and based on theory for this formation the price should go up by 70.00% to $0.0007 within 5 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Dragon Capital Group Corp stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 100.00%. For the last week, the stock has had daily average volatility of 20.00%.
Our recommended stop-loss: $0.0004 (-3.92%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (DRGV) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Dragon Capital Group Corp to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.0001 (+/-26.65%) up or down from last closing price. If Dragon Capital Group Corp takes out the full calculated possible swing range there will be an estimated 53.30% move between the lowest and the highest trading price during the day.
Is Dragon Capital Group Corp stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.290 Buy Candidate Upgraded
Predicted Opening Price for Dragon Capital Group Corp of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0003 ( 16.67%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRGV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | 33.33 % | |
| R2 | 0.0005 | 14.23 % | ||
| R1 | 0.0004 | 2.43 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0003 | -35.77 % | |
| S2 | 0.0002 | -47.57 % | ||
| S3 | 0.0001 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0004 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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