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$54.21 (-1.20%)

Volume: 2M

Closed: Nov 29, 2021

Hollow Logo Score: -3.666

Digital Turbine Stock Forecast

$54.21 (-1.20%)

Volume: 2M

Closed: Nov 29, 2021

Score Hollow Logo -3.666
Which way will APPS go? Request
Key Stats
P/E Ratio 98.83
Beta 2.5
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 8 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Monday for Digital Turbine
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-29

The Digital Turbine stock price fell by -1.20% on the last day (Monday, 29th Nov 2021) from $54.87 to $54.21. and has now fallen 3 days in a row. During the day the stock fluctuated 7.26% from a day low at $53.13 to a day high of $56.99. The price has fallen in 9 of the last 10 days and is down by -22.27% for this period. Volume has increased on the last day by 238 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $127.46 million.

Given the current short-term trend, the stock is expected to rise 6.02% during the next 3 months and, with a 90% probability hold a price between $57.47 and $98.59 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Digital Turbine 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 $57.28 and $74.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 01, 2021, and so far it has fallen -40.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $51.24. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.86 between high and low, or 7.26%. For the last week, the stock has had a daily average volatility of 7.17%.

Digital Turbine is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Digital Turbine stock A Buy?

The Digital Turbine stock holds several negative signals and despite the positive trend, we believe Digital Turbine will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.666

Predicted Opening Price for Digital Turbine of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$54.78 $54.21 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 03, 2021 "Canaccord Genuity" gave "$95.00 - $100.00" rating for APPS. The price target was changed from $73.11 to 18.7%.

Volatility and Risk
Daily Average Volatility: 7.17 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.17 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $58.45
Price: $54.21
Support: $51.24

APPS Insider Trading Show all Trades

INSIDER POWER

2.398

Last 100 transactions
Buy: 1 897 290 | Sell: 791 193 (Shares)
Date Action Amount Person Type
Nov 24, 2021 Buy 1 000 Sterling Michelle M Common Stock
Aug 23, 2021 Buy 16 802 Miller Michael Benjamin Employee Stock Options (right to buy)
Aug 19, 2021 Buy 1 500 Chestnutt Roy H Common Stock
Aug 18, 2021 Buy 2 000 Sterling Michelle M Common Stock
Aug 18, 2021 Buy 3 000 Deutschman Robert M Common Stock
Show all Insider Trades
INSIDER POWER

2.398

Last 100 transactions
Buy: 1 897 290 | Sell: 791 193 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 58.64 8.17 %
57.16 5.45 %
56.25 3.77 %
Current price: 54.21
Support 53.30 -1.67 %
52.39 -3.35 %
50.92 -6.07 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 66.86 23.34 %
63.89 17.86 %
58.45 7.82 %
Current price 54.21
Support 51.24 -5.48%
0 .
0 .

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About Digital Turbine

Digital Turbine Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication solutions for mobile operators, app advertisers, device original equipment manufacturers, and other third parties worldwide. It operates through two segments, Advertising and Content. The Advertising segment offers DT Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices; Discov... Read more

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