Digital Brand Media & Marketing Group, Stock Forecast

Volatile ride for Digital Brand Media & Marketing Group, stock price on Friday moving between $0.0050 and $0.0057
(Updated on May 03, 2024)

DBMM Signals & Forecast

There are few to no technical positive signals at the moment. The Digital Brand Media & Marketing Group, 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 $0.0056. On a fall, the stock will find some support from the short-term average at $0.0052. 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 Thursday, April 04, 2024, and so far it has fallen -19.40%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Digital Brand Media & Marketing Group, stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0050 and $0.0043. 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 Brand Media & Marketing Group, finds support just below today's level at $0.0050. If this is broken, then the next support from accumulated volume will be at $0.0043 and $0.0042.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0007 between high and low, or 14.00%. For the last week the stock has had daily average volatility of 23.42%.

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

Trading Expectations (DBMM) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Digital Brand Media & Marketing Group, Inc. to open at $0.0054, and during the day (based on 14 day Average True Range), to move between $0.0044 and $0.0064, which gives a possible trading interval of +/-$0.0010 (+/-19.11%) up or down from last closing price. If Digital Brand Media & Marketing Group, Inc. takes out the full calculated possible swing range there will be an estimated 38.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0058 (7.41%) than the support at $0.0050 (7.41%), 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 Brand Media & Marketing Group, Inc. stock A Buy?

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

Current score: -3.625 Sell Candidate Unchanged

Predicted Opening Price for Digital Brand Media & Marketing Group, Inc. of Monday, May 6, 2024

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