Digiasia Corp. Stock Forecast
Volatile ride for Digiasia Corp. stock price on Monday moving between $7.21 and $8.12
(Updated on Jun 17, 2024)
The Digiasia Corp. stock price gained 1.33% on the last trading day (Monday, 17th Jun 2024), rising from $7.50 to $7.60. During the last trading day the stock fluctuated 12.62% from a day low at $7.21 to a day high of $8.12. The price has fallen in 6 of the last 10 days and is down by -3.8% for this period. Volume fell on the last day by -35 thousand shares and in total, 22 thousand shares were bought and sold for approximately $163.97 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Digiasia Corp. stock with a 90% probability to be traded between $5.55 and $11.77 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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FAAS Signals & Forecast
There are few to no technical positive signals at the moment. The Digiasia Corp. 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 $8.11. On a fall, the stock will find some support from the short-term average at $7.11. 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 was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -35.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Digiasia Corp. stock
Digiasia Corp. finds support from accumulated volume at $7.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.91 between high and low, or 12.62%. For the last week the stock has had daily average volatility of 6.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FAAS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Digiasia Corp. to open at $7.64, and during the day (based on 14 day Average True Range), to move between $6.61 and $8.59, which gives a possible trading interval of +/-$0.99 (+/-13.07%) up or down from last closing price. If Digiasia Corp. takes out the full calculated possible swing range there will be an estimated 26.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.50 (1.32%) than the resistance at $7.77 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Digiasia Corp. stock A Buy?
Digiasia Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.329 Sell Candidate Downgraded
Predicted Opening Price for Digiasia Corp. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $7.64 ( 0.570%) | $7.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAAS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.55 | 12.54% |
| R2 | 8.21 | 7.97% |
| R1 | 7.99 | 5.14% |
| Price | 7.60 | |
| S1 | 7.30 | -4.00% |
| S2 | 7.08 | -6.83% |
| S3 | 6.73 | -11.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.98 | 18.16% |
| R2 | 8.73 | 14.87% |
| R1 | 7.77 | 2.24% |
| Price | 7.60 | |
| S1 | 7.50 | -1.32% |
| S2 | 6.71 | -11.71% |
| S3 | 6.43 | -15.39% |
FAQ
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