DigitalCash / Dollar Forecast and Stock Analysis
Technical DASHUSD stock analysis for Friday May 24, 2019.
DigitalCash / Dollar gained 2.49% in the last trading day ( Friday, 24th May 2019 ), rising from $153.95 to $157.79 During day the stock fluctuated 8.23% from a day low at $153.52 to a day high of $166.16. The price has fallen in 5 of the last 10 days , but is still up by 39.74% over the past 2 weeks. Volume fell in the last day by -0.55 million shares, and in total, 1.83 million shares bought and sold for approximately $289.16 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the DASHUSD stock price was $176.73 and low was $106.68.
- 90 day high was $176.73 and low was $78.05.
- 52 week high for the DigitalCash / Dollar - $339.56 and low - $0.00.
DigitalCash / Dollar 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 is expected to rise 63.77% during the next 3 months and, with 90% probability hold a price between $202.28 and $285.14 at the end of this period.
Only positive signals in the chart today. DigitalCash / Dollar holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $155.44 and $128.50. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday May 23, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 64 and the is currently not being overbought or oversold
Support & Resistance
On the downside, the finds support just below today's level from accumulated volume at $149.78 and $132.20.
There is natural risk involved when a is testing a support level, since if this is broken, the then may fall to the next support level. In this case, DigitalCash / Dollar finds support just below today's level at $149.78. If this is broken, then the next support from accumulated volume will be at $132.20 and $124.46.
This may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this is considered to be "high risk". During the last day, the stock moved $12.64 between high and low, or 8.23%. For the last week, the stock has had a daily average volatility of 8.29%.
Our recommended stoploss: $148.26 (-6.04%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
8.29 %Average volatility
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DigitalCash / Dollar holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this since last evaluation from a Buy Candidate to a Strong Buy Candidate.
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