RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DBGI
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Big movements in Digital Brands Group, Inc. Common Stock stock price on Wednesday moving 12.15% between high and low
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Digital Brands Group, Inc. Common Stock stock price gained 6.96% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.59 to $3.84. During the last trading day the stock fluctuated 12.15% from a day low at $3.54 to a day high of $3.97. The price has fallen in 6 of the last 10 days but is still up by 14.63% 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, 17 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately $168.29 thousand.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.26 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.26% during the next 3 months and, with a 90% probability hold a price between $4.02 and $9.31 at the end of this 3-month period.

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DBGI Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Digital Brands Group, Inc. Common Stock has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Digital Brands Group, Inc. Common Stock stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.94. On a fall, the stock will find some support from the short-term average at $3.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 13, 2024, and so far it has fallen -43.94%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Digital Brands Group, Inc. Common Stock stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.56 and $3.27. 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, Digital Brands Group, Inc. Common Stock finds support just below today's level at $3.56. If this is broken, then the next support from accumulated volume will be at $3.27 and $2.99.

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 $0.430 between high and low, or 12.15%. For the last week, the stock has had daily average volatility of 7.12%.

Our recommended stop-loss: $3.62 (-5.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Digital Brands Group, Inc. Common Stock to open at $3.78, and during the day (based on 14 day Average True Range), to move between $3.42 and $4.26, which gives a possible trading interval of +/-$0.420 (+/-10.94%) up or down from last closing price. If Digital Brands Group, Inc. Common Stock takes out the full calculated possible swing range there will be an estimated 21.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.05 (5.47%) than the support at $3.56 (7.29%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Digital Brands Group, Inc. Common Stock stock A Buy?

Digital Brands Group, Inc. Common Stock holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.668 Hold/Accumulate Upgraded

Predicted Opening Price for Digital Brands Group, Inc. Common Stock of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.78 ( 1.48%) $3.84

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

Trading levels for DBGI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.21 9.72 %
R2 4.05 5.44 %
R1 3.95 2.80 %
Current price: 3.84
Support S1 3.62 -5.75 %
S2 3.52 -8.40 %
S3 3.35 -12.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.77 24.22 %
R2 4.76 23.96 %
R1 4.05 5.47 %
Current price 3.84
Support S1 3.56 -7.29%
S2 3.27 -14.84%
S3 2.99 -22.14%

FAQ

What is the symbol for Digital Brands Group, Inc. Common Stock Stock and on which exchange is it traded?
The symbol for Digital Brands Group, Inc. Common Stock is DBGI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Digital Brands Group, Inc. Common Stock Stock?
Digital Brands Group, Inc. Common Stock holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Digital Brands Group, Inc. Common Stock Stock?
As of the end of day on the 2024-03-27, the price of an Digital Brands Group, Inc. Common Stock (DBGI) share was $3.84.

What is the 52-week high and low for Digital Brands Group, Inc. Common Stock Stock?
The 52-week high for Digital Brands Group, Inc. Common Stock Stock is $39.00 and the 52-week low is $2.30.

What is the market capitalization of Digital Brands Group, Inc. Common Stock Stock?
As of the 2024-03-27, the market capitalization of Digital Brands Group, Inc. Common Stock is 3.08M.

When is the next earnings date for Digital Brands Group, Inc. Common Stock?
The upcoming earnings date for Digital Brands Group, Inc. Common Stock is Apr 15, 2024.
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About Digital Brands Group, Inc. Common Stock

Digital Brands Group. Common Stock Digital Brands Group, Inc. provides apparel under various brands on direct-to-consumer and wholesale basis. The company offers denims under the DSTLD brand; and luxury men's suiting under the ACE Studios brand. It also designs, manufactures, and sells women's apparel, such as dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers under the Bailey brand. It offers luxury custom and made-to- measure suiting and sportwear, as well as shirts, ... DBGI Profile

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