Digital Brand Media & Marketing Group, Stock Forecast
High volatility in Digital Brand Media & Marketing Group, stock price on Friday which ended trading at $0.0054
(Updated on May 24, 2024)
No changes to the price of Digital Brand Media & Marketing Group, stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 15.69% from a day low at $0.0051 to a day high of $0.0059. The price has fallen in 4 of the last 10 days and is down by -10% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.81% during the next 3 months and, with a 90% probability hold a price between $0.0039 and $0.0062 at the end of this 3-month period.
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DBMM Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 1.89%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Digital Brand Media & Marketing Group, stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0055 and $0.0054. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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
Digital Brand Media & Marketing Group, finds support from accumulated volume at $0.0053 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0008 between high and low, or 15.69%. For the last week the stock has had daily average volatility of 16.86%.
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 Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Digital Brand Media & Marketing Group, Inc. to open at $0.0055, 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 (+/-18.32%) 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 36.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0053 (1.85%) than the resistance at $0.0056 (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Digital Brand Media & Marketing Group, Inc. stock A Buy?
Digital Brand Media & Marketing Group, 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: -3.303 Sell Candidate Unchanged
Predicted Opening Price for Digital Brand Media & Marketing Group, Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $0.0055 ( 1.23%) | $0.0054 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBMM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0063 | 16.05 % | |
| R2 | 0.0060 | 10.39 % | ||
| R1 | 0.0058 | 6.89 % | ||
| Current price: | 0.0054 | |||
| Support | S1 | 0.0052 | -4.42 % | |
| S2 | 0.0050 | -7.92 % | ||
| S3 | 0.0047 | -13.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0059 | 9.26 % | |
| R2 | 0.0058 | 7.41 % | ||
| R1 | 0.0056 | 3.70 % | ||
| Current price | 0.0054 | |||
| Support | S1 | 0.0053 | -1.85% | |
| S2 | 0.0050 | -7.41% | ||
| S3 | 0.0042 | -22.22% |
FAQ
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