DGL.AX DGL Group Limited (ASX) at A$0.535 on 09 Jan 2026: Oversold bounce setup
DGL.AX stock closed at A$0.535 on the ASX on 09 Jan 2026, a level that looks set up for a short-term oversold bounce. Trading volume of 124,896 shares and a 50-day average of A$0.441 show recent buying interest after a 3-month rise of 37.18%. We review fundamentals, technicals and Meyka AI’s forecast to assess whether a bounce offers a tradable risk-reward for Australian investors.
DGL.AX stock snapshot and recent drivers
DGL Group Limited (DGL.AX) trades on the ASX in Australia and closed at A$0.535 with a day range of A$0.53–A$0.555. The company reported FY2024 revenue of A$272,399,940.00, above estimates of A$240,000,000.00, and a bmo EPS print on 30 Aug 2024 of A$0.032 versus estimate A$0.037. The stock’s 52-week range is A$0.345–A$0.665, giving context to our oversold-bounce view.
Why an oversold bounce matters for DGL.AX stock
DGL.AX recently pulled back from short-term peaks but remains above its 200-day average of A$0.46503, which can support a rebound. Investors often trade oversold bounces when momentum stalls and liquidity (avg volume 161,026) improves. Given DGL’s industrial exposure and diversified revenue mix, a measured bounce could let traders re-enter with tight stops.
Fundamentals and valuation of DGL.AX stock
DGL’s trailing EPS is -A$0.09 and the TTM PE reads -6.67, reflecting a small net loss on a per-share basis. Key valuation ratios include P/S 0.34, P/B 0.48, and EV/EBITDA 6.86, which point to value relative to peers in Industrials. Cash per share is A$0.06 and book value per share is A$1.29, supporting balance-sheet resilience for a cyclical recovery.
Technical setup and trading signals for DGL.AX stock
Price sits near support around A$0.53 with a 50-day average of A$0.441 and 200-day average of A$0.46503—a configuration that often precedes oversold bounces. Short-term momentum indicators are muted, and on-chain volume remains below average (relVolume 0.78). Traders can look for a close above A$0.555 to confirm a first-stage recovery.
Meyka AI grade and forecast for DGL.AX stock
Meyka AI rates DGL.AX with a score out of 100: 69.70 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a quarterly level near A$0.65 and a one-year model mean of A$0.181; the quarterly scenario implies upside to the next resistance band. These grades are model outputs and not guarantees or personalised advice.
Risks, catalysts and sector context for DGL.AX stock
Principal risks: margin pressure in chemical manufacturing, cyclical volumes in logistics, and resource-recovery capital intensity. Catalysts include contract renewals, improved industrial volumes, and stronger pricing in the Environmental Solutions segment. Sector peers in Industrials show YTD strength, which can lift DGL.AX if macro demand holds. Monitor upcoming earnings on 03 Mar 2026 and corporate updates.
Final Thoughts
Key takeaways: DGL.AX stock trades at A$0.535 on the ASX and shows a classic oversold-bounce setup against support near A$0.53 and moving averages at A$0.441 (50-day) and A$0.46503 (200-day). Meyka AI’s forecast model projects a near-term quarterly level of A$0.65, implying an upside of 21.50% vs current price. We suggest monitoring confirmation above A$0.555 for an initial swing trade and using stops below A$0.50 for risk control. Conservative price target: A$0.45 (capital protection); base case target: A$0.65 (model median); bull case target: A$0.75 if industrial demand accelerates. Forecasts are model-based projections and not guarantees. Use position sizing and watch the March 2026 earnings date for fresh catalysts. For live order flow and data-driven signals consult the Meyka stock page and follow verified market reports.
FAQs
Is DGL.AX stock a buy after the recent pullback?
DGL.AX stock shows a potential oversold bounce, but Meyka AI rates it B (HOLD). A close above A$0.555 would support a tactical buy for swing traders with stops. Confirm with upcoming earnings and liquidity conditions.
What are realistic price targets for DGL.AX stock?
Near-term targets: conservative A$0.45, base A$0.65, bull A$0.75. The base target aligns with Meyka AI’s quarterly model. Targets assume improving industrial demand and no new operational shocks.
What fundamental metrics matter most for DGL.AX stock?
Key metrics: P/S 0.34, P/B 0.48, EV/EBITDA 6.86, and cash per share A$0.06. Watch revenue beats, margins in Chemical Manufacturing, and working capital trends for clarity.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
