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Digi International Inc. Stock Forecast NASDAQ:DGII

$22.59 (-4.20%)

Volume: 75k

Closed: Nov 26, 2021

Hollow Logo Score: 1.961

Digi International Inc. Stock Forecast

$22.59 (-4.20%)

Volume: 75k

Closed: Nov 26, 2021

Score Hollow Logo 1.961
Which way will DGII go? Request
Stop-loss: $21.23 (-6.01%)
Key Stats
P/E Ratio 76.12
Beta 1.63
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 46 and the stock is currently not being overbought or oversold

Red day on Friday for Digi International Inc.
(Updated on Nov 26, 2021)

Buy or Hold candidate since 2021-10-28 Gain 6.06%

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
$22.62 $22.59 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 11, 2021 "Canaccord Genuity" gave "$25.00 - $28.00" rating for DGII. The price target was set to $25.11+11.5%.

Volatility and Risk
Daily Average Volatility: 2.77 %
Overall Risk: Very High High Medium Low Very Low
2.77 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $23.01
Price: $22.59
Support: $21.30

DGII Insider Trading Show all Trades



Last 100 transactions
Buy: 646 323 | Sell: 604 292 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades


Last 100 transactions
Buy: 646 323 | Sell: 604 292 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 23.28 3.07 %
23.03 1.95 %
22.88 1.26 %
Current price: 22.59
Support 22.37 -0.97 %
22.22 -1.66 %
21.96 -2.77 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 25.00 10.67 %
24.18 7.04 %
23.01 1.86 %
Current price 22.59
Support 21.30 -5.71%
21.28 -5.80%
21.13 -6.46%

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About Digi International Inc.

Digi International Digi International Inc. provides Internet of Things networking hardware products and solutions that enable the connection, monitoring, and control of local or remote physical assets by electronic means. It provides cellular routers and gateway products; radio frequency products; Digi Connect, Rabbit, and ARM-based embedded systems on modules and single board computers; and microprocessors. The company also offers console servers; universal serial... Read more

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