Digimarc Corporation Stock Forecast
Digimarc Corporation stock price ended at $27.18 on Thursday, after gaining 0.592%.
(Updated on Mar 28, 2024)
The Digimarc Corporation stock price gained 0.592% on the last trading day (Thursday, 28th Mar 2024), rising from $27.02 to $27.18. During the last trading day the stock fluctuated 2.25% from a day low at $26.67 to a day high of $27.27. The price has risen in 6 of the last 10 days but is still down by -1.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 149 thousand more shares were traded than the day before. In total, 265 thousand shares were bought and sold for approximately $7.21 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.42 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.15% during the next 3 months and, with a 90% probability hold a price between $21.36 and $31.05 at the end of this 3-month period.
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DMRC Signals & Forecast
There are mixed signals in the stock today. The Digimarc Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.39 and $33.29. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 1.15%. 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 Digimarc Corporation stock
Digimarc Corporation finds support from accumulated volume at $27.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.600 between high and low, or 2.25%. For the last week, the stock has had daily average volatility of 4.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DMRC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Digimarc Corporation to open at $27.04, and during the day (based on 14 day Average True Range), to move between $25.48 and $28.88, which gives a possible trading interval of +/-$1.70 (+/-6.26%) up or down from last closing price. If Digimarc Corporation takes out the full calculated possible swing range there will be an estimated 12.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.16 (0.07%) than the resistance at $27.51 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Digimarc Corporation stock A Buy?
Digimarc Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.613 Sell Candidate Unchanged
Predicted Opening Price for Digimarc Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$27.04 ( 0.515%) | $27.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DMRC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.64 | 1.69 % | |
R2 | 27.41 | 0.85 % | ||
R1 | 27.27 | 0.328 % | ||
Current price: | 27.18 | |||
Support | S1 | 26.81 | -1.36 % | |
S2 | 26.67 | -1.88 % | ||
S3 | 26.44 | -2.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.57 | 5.11 % | |
R2 | 27.60 | 1.53 % | ||
R1 | 27.51 | 1.21 % | ||
Current price | 27.18 | |||
Support | S1 | 27.16 | -0.0736% | |
S2 | 27.02 | -0.589% | ||
S3 | 26.90 | -1.03% |
DMRC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 23, 2014 | May 01, 2014 | May 12, 2014 | $0.110 | 0.330% |
2 | Feb 20, 2014 | Feb 27, 2014 | Mar 10, 2014 | $0.110 | 0.361% |
3 | Oct 24, 2013 | Oct 31, 2013 | Nov 12, 2013 | $0.110 | 0.595% |
4 | Jul 25, 2013 | Aug 01, 2013 | Aug 12, 2013 | $0.110 | 0.529% |
5 | Apr 30, 2013 | May 09, 2013 | May 20, 2013 | $0.110 | 0.435% |
FAQ
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