Based

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>DGI9 share price: The company is promising an optimum and diversified investment portfolio.</a> </li> 
 <li> <span>2</span> <a>The firm has reported a revenue growth of more than 2 folds in the previous year.</a> </li> 
 <li> <span>3</span> <a>The current price is near its all-time low levels, see the forecast below.</a> </li> 
</ul> 
<p>The Digital 9 Infrastructure Plc share price is near its all-time low levels. The London-based digital infrastructure investor may seem a good stock for the long term. Its financials can reveal whether or not this dip is worth buying.</p> 
<p>The company’s revenue is generated through investments in digital infrastructure, such as internet backbone, broadband, mobile telecom, digital communication suites, data centers, and networks.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-what-is-the-current-performance-of-the-firm-strong"><strong>What is the Current Performance of the Firm?</strong></h2> 
<p>The company’s total revenue was reported as £94M, which is more than twice the last year’s £45M. The company has a small market cap of £355M and a trailing price-to-earnings ratio of 39.8. Most of the equity holdings are Held by Institutions, accounting for 61.2%.</p> 
<p>In July, the company’s fund manager reported that the portfolio was performing well and meeting management expectations. However, the company is relatively new in the market and a lot of data is not available. Therefore, it will be a very risk-averse investment as of now.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-dgi9-share-price-strong"><strong>Technical Analysis and Prediction of the DGI9 Share Price&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="799" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585.png" alt="DGI9 Share Price Analysis: Should You Buy the Dip or Stay Away" class="wp-image-176944" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585-1536x767.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585-750x375.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-585-1140x569.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=LSE%3ADGI9"> TradingView </a>(Daily time frame)
  </figcaption>
 </figure>
</div> 
<p>At the press time, the DGI9 <a href="https://www.thecoinrepublic.com/2023/10/15/backed-by-strong-financials-cey-stock-price-rose-11-6-in-5-days/" target="_blank" rel="noreferrer noopener">share price</a> is trading at the level of £41.05 after making a gap-down opening last Thursday. However, after falling to its all-time low of £32, the bulls took support from that level again on a recent Tuesday.&nbsp;</p> 
<p>The immediate resistance for the DGI9 share price is at £51.1 while the second resistance is at £61.2. The 50-day exponential moving average price is £49.2 while the 150-day exponential moving average price is £60.8. Moreover, the RSI is rising after touching its oversold level of 25. The RSI is currently at 42, near its neutral level of 50. The simple moving average line is at 31.</p> 
<h3 class="wp-block-heading" id="strong-the-shallow-price-prediction-strong"><strong>The Shallow Price Prediction</strong></h3> 
<p>Based on the stock’s trend breaking in September and taking support above it, the DGI9 share price prediction could be bearish. The current price action is highly speculative as the stock is hovering near its all-time low levels.&nbsp;</p> 
<p>Therefore, the short-term price prediction is based on the RSI and its SMA. At the press time, there is a significant gap between them due to the current day’s surge. It could lead to some bearish movement to fill the gap.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Digital 9 Infrastructure is an investment company focused on digital infrastructure. Despite being a small-cap firm with volatile share prices, the company has experienced significant growth in revenue. However, the short-term price prediction is bearish.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support: £41 and £33</p> 
<p>Resistance: £51, and £61</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks comes with a risk of financial loss.</p>

DGI9 Share Price Analysis: Should You Buy the Dip or Stay Away

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 19, 2023

Atomic Wallet collaborates with blockchain experts to counter security threat

XRP Price Prediction As SEC Dismisses Lawsuits Versus Ripple Labs Execs – Can XRP Rally Back to $1?

Cardano (ADA) Could Surge This Winter; Klaytn (KLAY) & InQubeta (QUBE) Ignite Traders

LAC Stock Price Crashes To A Two-Year Low, Can It Recover?

Chainlink Staking v0.2 Revealed

OSL Parent Company Denies Sale Plans

Join our free newsletter for daily crypto updates!