Digital World Acquisition Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Digital World Acquisition stock price down 0% on Tuesday
(Updated on Mar 26, 2024)
Buy candidate since Mar 25, 2024
No changes to the price of Digital World Acquisition stock on the last trading day (Tuesday, 26th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $49.95 to a day high of $49.95. The price has been going up and down for this period, and there has been a 24.28% gain for the last 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 62.33% during the next 3 months and, with a 90% probability hold a price between $61.40 and $113.93 at the end of this 3-month period.
DWAC Signals & Forecast
The Digital World Acquisition 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 $42.08 and $43.59. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, March 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Digital World Acquisition stock
Digital World Acquisition finds support from accumulated volume at $49.69 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 20.89%
Our recommended stop-loss: $48.08 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DWAC) For The Upcoming Trading Day Of Wednesday 27th
For the upcoming trading day on Wednesday, 27th we expect Digital World Acquisition Corp to open at $49.95, and during the day (based on 14 day Average True Range), to move between $44.60 and $55.30, which gives a possible trading interval of +/-$5.35 (+/-10.71%) up or down from last closing price. If Digital World Acquisition Corp takes out the full calculated possible swing range there will be an estimated 21.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.69 (0.52%) than the resistance at $50.56 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Digital World Acquisition Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Digital World Acquisition stock to perform well in the short-term.
Current score:
1.188
Buy Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on March 27, 2024 - $49.95 ( 0.00000000%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for DWAC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.95 | 0.00000000% |
| R2 | 49.95 | 0.00000000% |
| R1 | 49.95 | 0.00000000% |
| Price | 49.95 | |
| S1 | 49.95 | 0.00000000% |
| S2 | 49.95 | 0.00000000% |
| S3 | 49.95 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 50.75 | 1.60% |
| R1 | 50.56 | 1.22% |
| Price | 49.95 | |
| S1 | 49.69 | -0.521% |
| S2 | 47.58 | -4.74% |
| S3 | 38.15 | -23.62% |
FAQ
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