RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DGII
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Digi International Inc. stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 01, 2024 Gain 14.70% PDF

The Digi International Inc. stock price gained 3.62% on the last trading day (Wednesday, 27th Mar 2024), rising from $30.64 to $31.75. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.63% from a day low at $30.95 to a day high of $31.76. The price has risen in 7 of the last 10 days and is up by 6.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 100 thousand shares were bought and sold for approximately $3.18 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.89% during the next 3 months and, with a 90% probability hold a price between $36.46 and $43.20 at the end of this 3-month period.

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DGII Signals & Forecast

Mostly positive signals in the chart today. The Digi International Inc. 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 $30.37 and $29.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 38.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Digi International Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $28.52 and $27.68. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Digi International Inc. finds support just below today's level at $28.52. If this is broken, then the next support from accumulated volume will be at $27.68 and $24.31.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.82 between high and low, or 2.63%. For the last week the stock has had daily average volatility of 1.55%.

Since the Digi International Inc. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $30.64 (-3.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (DGII) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Digi International Inc. to open at $31.49, and during the day (based on 14 day Average True Range), to move between $30.99 and $32.51, which gives a possible trading interval of +/-$0.761 (+/-2.40%) up or down from last closing price. If Digi International Inc. takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $28.52, some $3.23 (10.17%) from the current price of $31.75, our system finds the risk reward attractive.

Is Digi International Inc. stock A Buy?

Digi International Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.409 Strong Buy Candidate Upgraded

Predicted Opening Price for Digi International Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$31.49 ( 0.83%) $31.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DGII

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 32.30 1.73 %
R2 31.99 0.752 %
R1 31.80 0.146 %
Current price: 31.75
Support S1 31.17 -1.82 %
S2 30.98 -2.42 %
S3 30.67 -3.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 31.75
Support S1 28.52 -10.17%
S2 27.68 -12.82%
S3 24.31 -23.43%

FAQ

What is the symbol for Digi International Inc. Stock and on which exchange is it traded?
The symbol for Digi International Inc. is DGII and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Digi International Inc. Stock?
Digi International Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Digi International Inc. Stock?
Digi International Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Digi International Inc. Stock.

What's the current price of Digi International Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Digi International Inc. (DGII) share was $31.75.

What is the 52-week high and low for Digi International Inc. Stock?
The 52-week high for Digi International Inc. Stock is $42.95 and the 52-week low is $21.25.

What is the market capitalization of Digi International Inc. Stock?
As of the 2024-03-27, the market capitalization of Digi International Inc. is 1.151B.

When is the next earnings date for Digi International Inc.?
The upcoming earnings date for Digi International Inc. is May 02, 2024.
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About Digi International Inc.

Digi International. Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular con... DGII Profile

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