Red day on Monday for Digital Turbine
(Updated on Nov 29, 2021)
Sell candidate since 2021-11-29 PDF
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|
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