Digitalbridge Group, Inc. Stock Forecast

Weaker technical forecast for Digitalbridge Group, Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

DBRG-PH Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -0.210%. 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 also not. The Digitalbridge Group, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $23.65 and $23.44. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, May 14, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Digitalbridge Group, Inc. stock

Digitalbridge Group, Inc. finds support from accumulated volume at $22.61 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.265 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.25%

Our recommended stop-loss: $22.93 (-3.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)

Trading Expectations (DBRG-PH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Digitalbridge Group, Inc. to open at $23.73, and during the day (based on 14 day Average True Range), to move between $23.50 and $24.00, which gives a possible trading interval of +/-$0.254 (+/-1.07%) up or down from last closing price. If Digitalbridge Group, Inc. takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.80 (0.21%) than the support at $22.61 (4.80%), 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?

Digitalbridge Group, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.631 Hold/Accumulate Downgraded

Predicted Opening Price for Digitalbridge Group, Inc. of Monday, July 1, 2024

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