Digitalbridge Group, Inc. Stock Forecast

Red day on Friday for Digitalbridge Group, Inc. stock after losing 0.253%
(Updated on Jun 21, 2024)

DBRG-PJ Signals & Forecast

A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -0.796%. 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). Digitalbridge Group, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Digitalbridge Group, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $23.74. On a fall, the stock will find some support from the long-term average at approximately $23.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The stock had a Golden Star Signal on Wednesday, May 15, 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 $23.46 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 $0.0797 between high and low, or 0.337%. For the last week the stock has had daily average volatility of 0.592%.

Our recommended stop-loss: $22.85 (-3.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (DBRG-PJ) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Digitalbridge Group, Inc. to open at $23.67, and during the day (based on 14 day Average True Range), to move between $23.39 and $23.95, which gives a possible trading interval of +/-$0.281 (+/-1.19%) up or down from last closing price. If Digitalbridge Group, Inc. takes out the full calculated possible swing range there will be an estimated 2.37% 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 (0.55%) than the support at $23.46 (0.89%), 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.208 Buy Candidate Unchanged

Predicted Opening Price for Digitalbridge Group, Inc. of Monday, June 24, 2024

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