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$42.16 (6.25%)

Volume: 90k

Closed: Nov 29, 2021

Hollow Logo Score: -2.849

Digimarc Corporation Stock Forecast

$42.16 (6.25%)

Volume: 90k

Closed: Nov 29, 2021

Score Hollow Logo -2.849
Which way will DMRC go? Request
Key Stats
P/E Ratio -15.59
Beta 2.08
* 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 25 and the stock is currently not being overbought or oversold

A very strong day for Digimarc Corporation stock price on Monday
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-23 Loss -4.40%

The Digimarc Corporation stock price gained 6.25% on the last trading day (Monday, 29th Nov 2021), rising from $39.68 to $42.16. During the day the stock fluctuated 7.65% from a day low at $39.34 to a day high of $42.35. The price has fallen in 8 of the last 10 days and is down by -17.14% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 90 thousand shares were bought and sold for approximately $3.81 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $40.04 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 62.85% during the next 3 months and, with a 90% probability hold a price between $65.20 and $94.65 at the end of this 3-month period.

Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Digimarc Corporation 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 $44.09 and $45.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -21.18%. 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).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $35.48 and $34.42. 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, Digimarc Corporation finds support just below today's level at $35.48. If this is broken, then the next support from accumulated volume will be at $34.42 and $34.01.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.01 between high and low, or 7.65%. For the last week, the stock has had a daily average volatility of 5.74%.

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

Is Digimarc Corporation stock A Buy?

The Digimarc Corporation stock holds several negative signals and despite the positive trend, we believe Digimarc Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.849

Predicted Opening Price for Digimarc Corporation of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$41.28 $42.16 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

Craig Hallum does not see either upside or downside right now giving DMRC "Hold" on their last update on Oct 29, 2020. The price target was changed from $13.00 to $23.00.

Volatility and Risk
Daily Average Volatility: 5.74 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.74 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $45.59
Price: $42.16
Support: $35.48

DMRC Insider Trading Show all Trades

INSIDER POWER

2.086

Last 100 transactions
Buy: 1 780 876 | Sell: 853 690 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Sell 1 364 Beck Charles Common Stock
Nov 15, 2021 Sell 818 Chamness Robert Common Stock
Nov 15, 2021 Sell 805 Meyer Joel Common Stock
Nov 15, 2021 Sell 858 Rodriguez Tony Common Stock
Aug 15, 2021 Sell 818 Chamness Robert Common Stock
Show all Insider Trades
INSIDER POWER

2.086

Last 100 transactions
Buy: 1 780 876 | Sell: 853 690 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 44.29 5.06 %
43.14 2.33 %
42.43 0.65 %
Current price: 42.16
Support 40.13 -4.81 %
39.42 -6.49 %
38.27 -9.22 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 46.85 11.12 %
46.69 10.74 %
45.59 8.14 %
Current price 42.16
Support 35.48 -15.84%
34.42 -18.36%
34.01 -19.33%

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About Digimarc Corporation

Digimarc Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. It develops intellectual property to differentiate products and technology, mitigate infringement risks, and develop opportunities for licensing; and offers patents portfolio covering a range of methods, applications, system architectures, and business processes. The company’s paten... Read more

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