DigitalBridge Group, Inc. Stock Forecast
Green day on Wednesday for DigitalBridge Group, Inc. stock after gaining 1.90%
(Updated on Mar 27, 2024)
The DigitalBridge Group, Inc. stock price gained 1.90% on the last trading day (Wednesday, 27th Mar 2024), rising from $18.90 to $19.26. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.44% from a day low at $18.86 to a day high of $19.32. The price has risen in 6 of the last 10 days and is up by 4.39% 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, 863 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $41.75 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DigitalBridge Group, Inc. stock with a 90% probability to be traded between $18.34 and $21.20 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DBRG Signals & Forecast
Mostly positive signals in the chart today. The DigitalBridge Group, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.78 and $18.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 27, 2024, and so far it has risen 7.30%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for DigitalBridge Group, Inc. stock
DigitalBridge Group, Inc. finds support from accumulated volume at $19.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.460 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: $18.19 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (DBRG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect DigitalBridge Group, Inc. to open at $19.15, and during the day (based on 14 day Average True Range), to move between $18.65 and $19.87, which gives a possible trading interval of +/-$0.605 (+/-3.14%) up or down from last closing price. If DigitalBridge Group, Inc. takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.38 (0.62%) than the support at $19.05 (1.09%), 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 DigitalBridge Group, Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for DigitalBridge Group, Inc. stock to perform well in the short-term period.
Current score: 3.008 Buy Candidate Unchanged
Predicted Opening Price for DigitalBridge Group, Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$19.15 ( 0.588%) | $19.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBRG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.61 | 1.80 % | |
R2 | 19.43 | 0.89 % | ||
R1 | 19.32 | 0.324 % | ||
Current price: | 19.26 | |||
Support | S1 | 18.97 | -1.50 % | |
S2 | 18.86 | -2.06 % | ||
S3 | 18.69 | -2.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.00 | 3.84 % | |
R2 | 19.95 | 3.58 % | ||
R1 | 19.38 | 0.623 % | ||
Current price | 19.26 | |||
Support | S1 | 19.05 | -1.09% | |
S2 | 18.49 | -4.00% | ||
S3 | 18.22 | -5.40% |
DBRG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 16, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0100 | 0.0519% |
2 | Oct 27, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0100 | 0.0559% |
3 | Aug 01, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0100 | 0.0588% |
4 | Apr 27, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0100 | 0.0603% |
5 | Feb 17, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.0100 | 0.0820% |
FAQ
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