DigitalBridge Group, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for DigitalBridge Group, Inc.
(Updated on Apr 17, 2024)
The DigitalBridge Group, Inc. stock price fell by -0.96% on the last day (Wednesday, 17th Apr 2024) from $17.70 to $17.53. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.27% from a day low at $17.43 to a day high of $18.00. The price has fallen in 6 of the last 10 days and is down by -5.9% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -80 thousand shares and in total, 1 million shares were bought and sold for approximately $18.76 million.
The stock lies in the middle of a 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 -7.04% during the next 3 months and, with a 90% probability hold a price between $15.28 and $18.25 at the end of this 3-month period.
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DBRG Signals & Forecast
There are few to no technical positive signals at the moment. The DigitalBridge Group, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.24 and $18.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -15.35%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for DigitalBridge Group, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.570 (3.27%) between high and low. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DBRG) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect DigitalBridge Group, Inc. to open at $17.65, and during the day (based on 14 day Average True Range), to move between $16.92 and $18.14, which gives a possible trading interval of +/-$0.608 (+/-3.47%) up or down from last closing price. If DigitalBridge Group, Inc. takes out the full calculated possible swing range there will be an estimated 6.93% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $18.22, some $0.690 (3.94%) from the current price of $17.53, our system finds the risk reward not very attractive.
Is DigitalBridge Group, Inc. stock A Buy?
DigitalBridge Group, Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.116 Sell Candidate Unchanged
Predicted Opening Price for DigitalBridge Group, Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $17.65 ( 0.704%) | $17.53 |
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 | 18.22 | 3.96 % | |
| R2 | 18.01 | 2.71 % | ||
| R1 | 17.87 | 1.95 % | ||
| Current price: | 17.53 | |||
| Support | S1 | 17.44 | -0.539 % | |
| S2 | 17.30 | -1.31 % | ||
| S3 | 17.08 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.05 | 8.67 % | |
| R2 | 18.49 | 5.48 % | ||
| R1 | 18.22 | 3.94 % | ||
| Current price | 17.53 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DBRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0100 | 0.0550% |
| 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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