Red day on Friday for Digi International Inc.
(Updated on Nov 26, 2021)
Buy or Hold candidate since 2021-10-28 Gain 6.06% PDF
The Digi International Inc. stock price fell by -4.20% on the last day (Friday, 26th Nov 2021) from $23.58 to $22.59. During the day the stock fluctuated 2.96% from a day low at $22.31 to a day high of $22.97. The price has fallen in 7 of the last 10 days and is down by -9.64% 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 -5 thousand shares and in total, 75 thousand shares were bought and sold for approximately $1.69 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.18% during the next 3 months and, with a 90% probability hold a price between $23.68 and $27.96 at the end of this 3-month period.
Signals & Forecast
The Digi International 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 $23.55. On a fall, the stock will find some support from the long-term average at approximately $22.48. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -9.64%. 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
On the downside, the stock finds support just below today's level from accumulated volume at $21.30 and $21.28. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Digi International Inc. finds support just below today's level at $21.30. If this is broken, then the next support from accumulated volume will be at $21.28 and $21.13.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.66 between high and low, or 2.96%. For the last week, the stock has had a daily average volatility of 2.77%.
Our recommended stop-loss: $21.23 (-6.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Is Digi International Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Digi International Inc. stock to perform well in the short-term.
Current score: 1.961
Predicted Opening Price for Digi International Inc. of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
Remember To Visit Our YouTube Channel
On Nov 11, 2021 "Canaccord Genuity" gave "$25.00 - $28.00" rating for DGII. The price target was set to $25.11+11.5%.
DGII Insider Trading
|Nov 24, 2021||Sell||559||Sampsell David H.||Common Stock|
|Nov 24, 2021||Sell||1 215||Riley Kevin C.||Common Stock|
|Nov 24, 2021||Sell||1 396||Loch James J.||Common Stock|
|Nov 24, 2021||Sell||559||Schneider Terrence G.||Common Stock|
|Nov 24, 2021||Sell||5 750||Konezny Ronald||Common Stock|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.