Digimarc Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Digimarc Corporation as stock downgraded to Strong Sell Candidate.
(Updated on Apr 23, 2024)
The Digimarc Corporation stock price fell by -1.64% on the last day (Tuesday, 23rd Apr 2024) from $22.59 to $22.22. During the last trading day the stock fluctuated 4.42% from a day low at $22.16 to a day high of $23.14. The price has fallen in 6 of the last 10 days and is down by -7.84% 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 -69 thousand shares and in total, 176 thousand shares were bought and sold for approximately $3.91 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.42 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -39.51% during the next 3 months and, with a 90% probability hold a price between $12.35 and $17.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DMRC Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $22.70 and $26.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -46.70%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Tuesday, February 27, 2024 with a target of $36.96. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Digimarc Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.98 between high and low, or 4.42%. For the last week, the stock has had daily average volatility of 3.36%.
Digimarc Corporation is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DMRC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Digimarc Corporation to open at $22.51, and during the day (based on 14 day Average True Range), to move between $21.11 and $23.33, which gives a possible trading interval of +/-$1.11 (+/-5.02%) up or down from last closing price. If Digimarc Corporation takes out the full calculated possible swing range there will be an estimated 10.03% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $22.59, some $0.370 (1.67%) from the current price of $22.22, our system finds the risk reward not very attractive.
Is Digimarc Corporation stock A Buy?
Digimarc Corporation 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 Sell to a Strong Sell candidate.
Current score: -5.135 Strong Sell Candidate Downgraded
Predicted Opening Price for Digimarc Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $22.51 ( 1.29%) | $22.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DMRC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.49 | 5.70 % | |
| R2 | 23.11 | 4.02 % | ||
| R1 | 22.88 | 2.97 % | ||
| Current price: | 22.22 | |||
| Support | S1 | 22.13 | -0.395 % | |
| S2 | 21.90 | -1.44 % | ||
| S3 | 21.53 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.18 | 22.32 % | |
| R2 | 26.90 | 21.06 % | ||
| R1 | 22.59 | 1.67 % | ||
| Current price | 22.22 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DMRC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2014 | May 01, 2014 | May 12, 2014 | $0.110 | 0.330% |
| 2 | Feb 20, 2014 | Feb 27, 2014 | Mar 10, 2014 | $0.110 | 0.361% |
| 3 | Oct 24, 2013 | Oct 31, 2013 | Nov 12, 2013 | $0.110 | 0.595% |
| 4 | Jul 25, 2013 | Aug 01, 2013 | Aug 12, 2013 | $0.110 | 0.529% |
| 5 | Apr 30, 2013 | May 09, 2013 | May 20, 2013 | $0.110 | 0.435% |
FAQ
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