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Weaker Stock
Today DGLY ranks #10799 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$1.20 (-1.64%)

Volume: 560k

Closed: Nov 26, 2021

Hollow Logo Score: -3.399

Digital Ally Stock Forecast

$1.20 (-1.64%)

Volume: 560k

Closed: Nov 26, 2021

Score Hollow Logo -3.399
Which way will DGLY go? Request
Key Stats
P/E Ratio 2.63
Beta 0.33
* 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 49 and the stock is currently not being overbought or oversold

Weaker technical forecast for Digital Ally as stock downgraded to Sell Candidate.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Digital Ally stock price fell by -1.64% on the last day (Friday, 26th Nov 2021) from $1.22 to $1.20. and has now fallen 5 days in a row. During the day the stock fluctuated 4.27% from a day low at $1.17 to a day high of $1.22. The price has fallen in 6 of the last 10 days, but is still up by 4.35% over the past 2 weeks. 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 -1 million shares and in total, 560 thousand shares were bought and sold for approximately $671.42 thousand.

The stock lies in the middle of a very 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 -7.25% during the next 3 months and, with a 90% probability hold a price between $0.93 and $1.32 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Digital Ally stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.29 and $1.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 19, 2021, and so far it has fallen -16.08%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Digital Ally finds support from accumulated volume at $1.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0500 between high and low, or 4.27%. For the last week the stock has had a daily average volatility of 11.05%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Digital Ally stock A Buy?

Digital Ally holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.399

Predicted Opening Price for Digital Ally 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
$1.20 $1.20 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

Aegis is very positive about DGLY and gave it a "Buy" rating on Jun 29, 2020. The price target was set to $5.00.

Volatility and Risk
Daily Average Volatility: 11.05 %
Overall Risk: Very High High Medium Low Very Low
Volatility
11.05 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.25
Price: $1.20
Support: $1.18

DGLY Insider Trading Show all Trades

INSIDER POWER

6.199

Last 100 transactions
Buy: 3 774 532 | Sell: 608 854 (Shares)
Date Action Amount Person Type
Jul 08, 2021 Buy 100 000 Richie Leroy C Common Stock Purchase Option
Jul 08, 2021 Buy 100 000 Caulfield Michael Common Stock Purchase Option
Jul 08, 2021 Buy 100 000 Hutchins Daniel F Common Stock Purchase Option
Jan 07, 2021 Buy 300 000 Ross Stanton E Common Stock
Jan 07, 2021 Buy 150 000 Heckman Thomas J Common Stock
Show all Insider Trades
INSIDER POWER

6.199

Last 100 transactions
Buy: 3 774 532 | Sell: 608 854 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.25 3.89 %
1.23 2.30 %
1.22 1.31 %
Current price: 1.20
Support 1.18 -1.87 %
1.17 -2.85 %
1.15 -4.44 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.43 19.17 %
1.40 16.67 %
1.25 4.17 %
Current price 1.20
Support 1.18 -1.67%
1.13 -5.83%
1.11 -7.50%

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About Digital Ally

Digital Ally Digital Ally, Inc. produces digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Its digital audio/video recording, storage, and other products include an in-car, digital audio/video system that is integrated into a rear view mirror designed for law enforcement vehicles and commercial fleets; hands-free automatic activated body-worn cameras and in-ca... Read more

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