dotDigital Group Plc Stock Forecast
Weaker technical forecast for dotDigital Group Plc as stock downgraded to Hold/Accumulate.
(Updated on Apr 18, 2024)
The dotDigital Group Plc stock price gained 0.635% on the last trading day (Thursday, 18th Apr 2024), rising from £94.50 to £95.10. During the last trading day the stock fluctuated 3.97% from a day low at £93.10 to a day high of £96.80. The price has risen in 7 of the last 10 days and is up by 10.84% over the past 2 weeks. Volume fell on the last day by -234 thousand shares and in total, 234 thousand shares were bought and sold for approximately £22.22 million. 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 lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £97.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.22% during the next 3 months and, with a 90% probability hold a price between £74.24 and £87.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DOTD.L Signals & Forecast
The dotDigital Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £93.83 and £90.20. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, April 16, 2024, and so far it has fallen -2.86%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, May 17, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, May 17, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for dotDigital Group Plc stock
dotDigital Group Plc finds support from accumulated volume at £90.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £3.70 between high and low, or 3.97%. For the last week, the stock has had daily average volatility of 6.89%.
Our recommended stop-loss: £91.29 (-4.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (DOTD.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect dotDigital Group Plc to open at £95.00, and during the day (based on 14 day Average True Range), to move between £90.53 and £99.67, which gives a possible trading interval of +/-£4.57 (+/-4.80%) up or down from last closing price. If dotDigital Group Plc takes out the full calculated possible swing range there will be an estimated 9.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £96.60 (1.58%) than the support at £90.50 (4.84%), 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 dotDigital Group Plc stock A Buy?
dotDigital Group Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.389 Hold/Accumulate Downgraded
Predicted Opening Price for dotDigital Group Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £95.00 ( 0.105%) | £95.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOTD.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.70 | 3.79 % | |
| R2 | 97.29 | 2.30 % | ||
| R1 | 96.41 | 1.38 % | ||
| Current price: | 95.10 | |||
| Support | S1 | 93.59 | -1.59 % | |
| S2 | 92.71 | -2.51 % | ||
| S3 | 91.30 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.30 | 4.42 % | |
| R2 | 97.90 | 2.94 % | ||
| R1 | 96.60 | 1.58 % | ||
| Current price | 95.10 | |||
| Support | S1 | 90.50 | -4.84% | |
| S2 | 88.20 | -7.26% | ||
| S3 | 86.30 | -9.25% |
DOTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 11, 2024 | £0 | 0% |
| 2 | Dec 21, 2022 | Jan 12, 2023 | Jan 31, 2023 | £0.98 | 1.05% |
| 3 | Nov 16, 2021 | Jan 13, 2022 | Jan 31, 2022 | £0.86 | 0.586% |
| 4 | Nov 18, 2020 | Jan 07, 2021 | Jan 29, 2021 | £0.83 | 0.465% |
| 5 | Oct 15, 2019 | Jan 09, 2020 | Jan 31, 2020 | £0.670 | 0.590% |
FAQ
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