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$000034 (Digital China) Price Analysis
Buy, Hold or Sell?

Let's analyze Digital China together

Penke

I guess you are interested in Digital China. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Digital China’s Price Targets

I'm going to help you getting a better view of Digital China. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Digital China
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Digital China. The general trend of Digital China is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Digital China's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Digital China Price Targets

1.1 sr

Score

Let's take a look at the sr of Digital China.

  • The price is trading between support and resistance lines.
Digital China Daily sr Chart
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2. Trend Indicators

2.1 Moving Averages

Score

Let's take a look at the Moving Averages of Digital China.

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is leading the LONG, indicating positive trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Digital China Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Digital China.

  • Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for Digital China.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Digital China Daily Moving Average Convergence/Divergence (MACD) ChartDigital China Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

Score

Let's take a look at the Directional Movement Index (DMI) of Digital China.

  • Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
  • Directional bias is mildly bearish, but overall trend conditions remain weak and lack clear directional commitment.
Digital China Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Score

Let's take a look at the Parabolic SAR of Digital China.

  • Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.
Digital China Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Score

Let's take a look at the Relative Strength Index (RSI) of Digital China. The current phase is Continuation in bear market.

  • Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Momentum is improving as buying interest gradually strengthens.
Digital China Daily Relative Strength Index (RSI) ChartDigital China Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Score

Let's take a look at the Stochastic Oscillator of Digital China. The current phase is Continuation in bear market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Momentum is leaning bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for Digital China.
  • Momentum is improving as buying interest strengthens and short-term sentiment turns more positive.
Digital China Daily Stochastic Oscillator ChartDigital China Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Score

Let's take a look at the Commodity Channel Index (CCI) of Digital China.

Digital China Daily Commodity Channel Index (CCI) ChartDigital China Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Digital China.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Digital China Daily Chande Momentum Oscillator (CMO) ChartDigital China Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Score

Let's take a look at the Williams %R of Digital China.

  • Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.
Digital China Daily Williams %R ChartDigital China Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Score

Let's take a look at the Bollinger Bands of Digital China.

Digital China Daily Bollinger Bands Chart
4.2 Average True Range (ATR)

Score

Let's take a look at the Average True Range (ATR) of Digital China.

Digital China Daily Average True Range (ATR) ChartDigital China Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Score

Let's take a look at the On-Balance Volume (OBV) of Digital China.

Digital China Daily On-Balance Volume (OBV) ChartDigital China Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Score

Let's take a look at the Money Flow Index (MFI) of Digital China.

  • Money flow favors sellers, indicating reduced buying interest and growing downside pressure.
Digital China Daily Money Flow Index (MFI) ChartDigital China Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Digital China.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Digital China Daily Candlestick Chart
DateCandlestick Pattern
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