Darktrace plc Stock Forecast
Red day on Tuesday for Darktrace plc stock after losing 0%
(Updated on Jun 25, 2024)
No changes to the price of Darktrace plc stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $7.20 to a day high of $7.20. The price has been going up and down for this period, and there has been a -3.36% loss for the last 2 weeks.
The stock has broken the wide and strong 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 $7.29. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DRKTF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.139%. 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 Darktrace 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 $7.23 and $7.43. 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.
A buy signal from a double bottom formation was found on Thursday, April 04, 2024 with a target of $5.68. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Darktrace plc stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.51 and $5.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Darktrace plc finds support just below today's level at $6.51. If this is broken, then the next support from accumulated volume will be at $5.94 and $5.60.
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 0.112%
Darktrace plc is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $6.70 (-6.93%) (This stock has low daily movements and this gives low risk. Low RSI14 is 3 which reduces the risk some. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (DRKTF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Darktrace plc to open at $7.20, and during the day (based on 14 day Average True Range), to move between $7.13 and $7.27, which gives a possible trading interval of +/-$0.0710 (+/-0.99%) up or down from last closing price. If Darktrace plc takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.40 (2.78%) than the support at $6.51 (9.65%), 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 Darktrace plc stock A Buy?
Darktrace plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Darktrace plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $7.20 ( 0%) | $7.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRKTF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.20 | - |
| R2 | 7.20 | - |
| R1 | 7.20 | - |
| Price | 7.20 | |
| S1 | 7.20 | - |
| S2 | 7.20 | - |
| S3 | 7.20 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.55 | 4.86% |
| R2 | 7.46 | 3.61% |
| R1 | 7.40 | 2.78% |
| Price | 7.20 | |
| S1 | 6.51 | -9.65% |
| S2 | 5.94 | -17.47% |
| S3 | 5.60 | -22.22% |
FAQ
Click here for our free guide on how to buy Darktrace plc Stock.
