Digital World Acquisition Stock Forecast

Digital World Acquisition stock price down 0% on Tuesday
(Updated on Mar 26, 2024)

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

Predicted Opening Price for Digital World Acquisition Corp of Wednesday, March 27, 2024

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