Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of DWACU will decline by -73.73% over the next 2 Weeks and hit $16.12 by Friday, November 24, 2023. In that time frame, DWACU's share price is expected to range between $15.12 and $17.08.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Nov 24, 2023 | 15.09 | 16.12 | 17.05 |
| Nov 23, 2023 | 14.85 | 15.82 | 16.79 |
| Nov 22, 2023 | 16.01 | 16.92 | 17.90 |
| Nov 21, 2023 | 15.89 | 16.86 | 17.80 |
| Nov 20, 2023 | 15.29 | 16.36 | 17.36 |
| Nov 17, 2023 | 15.42 | 16.39 | 17.48 |
| Nov 16, 2023 | 15.08 | 16.09 | 17.06 |
| Nov 15, 2023 | 16.09 | 17.19 | 18.18 |
| Nov 14, 2023 | 16.07 | 17.13 | 18.11 |
| Nov 13, 2023 | 15.59 | 16.63 | 17.61 |
| Nov 10, 2023 | 15.62 | 16.60 | 17.62 |
| Nov 8, 2023 | 16.50 | 17.52 | 18.51 |
| Nov 7, 2023 | 16.40 | 17.45 | 18.48 |
| Nov 2, 2023 | 15.67 | 16.69 | 17.69 |
DWACU shares rose +19.66% in Monday, March 25, 2024's trading session, rising from a previous close of $51.27 to move at $61.35. The stock demonstrated notable intraday movement (see DWACU's key stats for a full breakdown), fluctuating between $56.86 and $63.88, a +12.35% trading range. While recent weeks have seen some volatility, DWACU has managed to secure a +27.79% gain over the past 2 weeks. The upward price movement was accompanied by decreased trading volume, with approximately 5.29K shares changing hands, 1.79K fewer than the previous session. This amounted to $324.42K in total market activity.
Will DWACU Continue Its Downward Trend?
According to analyst ratings and projections for DWACU, Digital World Acquisition Corp. shares are anticipated to decrease by -259.86%, potentially reaching $17.05 per share by November 24, 2023. Short-term technical indicators for DWACU currently suggest a bearish sentiment. This aligns with the stock's recent performance, as it has recorded 17 negative trading days within the past 30 sessions. Based on the DWACU stock forecast, now is not the best time to buy DWACU stock because its current trading price is +280.62% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on DWACU covering social and institutional perspectives.
DWACU Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into DWACU's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 59.88% to 64.54%) suggest the stock is showing bullish momentum with some volatility. The 50-day RSI, at 59.52%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 58.68%, maintains a neutral outlook for the long term. Insights into DWACU's shareholder base show how institutional investors are positioning themselves during these momentum shifts

