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% PDF
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|
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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.
DMRC Insider Trading
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