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Digirad Corporation Stock Forecast NASDAQ:DRAD

$2.31 (-6.48%)

Volume: 122k

Closed: Dec 03, 2021

Hollow Logo Score: -6.577

Digirad Corporation Stock Forecast

$2.31 (-6.48%)

Volume: 122k

Closed: Dec 03, 2021

Score Hollow Logo -6.577
* 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 40 and the stock is currently not being overbought or oversold

Digirad Corporation stock price took a fall of -6.48% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The Digirad Corporation stock price fell by -6.48% on the last day (Friday, 3rd Dec 2021) from $2.47 to $2.31. During the day the stock fluctuated 8.85% from a day low at $2.26 to a day high of $2.46. The price has fallen in 6 of the last 10 days and is down by -3.35% for this period. Volume has increased on the last day by 56 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 122 thousand shares were bought and sold for approximately $282.49 thousand.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($2.35) are considered to be a "second chance" to get out. According to the fan-theory $2.07 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Digirad 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 $2.48 and $2.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -12.83%. 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). Digirad Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

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 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 $0.20 between high and low, or 8.85%. 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 Digirad Corporation stock A Buy?

Digirad Corporation holds several negative signals and is within a 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: -6.577

Predicted Opening Price for Digirad Corporation of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$2.34 $2.31 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

Maxim Group is very positive about DRAD and gave it a "Buy" rating on Sep 25, 2020. The price target was set to $6.00.

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: $2.52
Price: $2.31
No Support Found

DRAD Insider Trading Show all Trades

INSIDER POWER

3.680

Last 100 transactions
Buy: 2 518 499 | Sell: 684 359 (Shares)
Date Action Amount Person Type
Nov 30, 2020 Sell 3 000 Noble David J. Common Stock
Nov 19, 2020 Buy 3 719 Quain Mitchell I Restricted Stock Unit
Nov 19, 2020 Buy 3 719 Cunnion Michael A. Restricted Stock Unit
Nov 19, 2020 Buy 3 719 Sayward John W. Restricted Stock Unit
Nov 19, 2020 Buy 7 866 Eberwein Jeffrey E. Common Stock
Show all Insider Trades
INSIDER POWER

3.680

Last 100 transactions
Buy: 2 518 499 | Sell: 684 359 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.54 10.10 %
2.47 6.79 %
2.42 4.75 %
Current price: 2.31
Support 2.27 -1.86 %
2.22 -3.91 %
2.14 -7.22 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.76 19.48 %
2.66 15.15 %
2.52 9.09 %
Current price 2.31
Support 0 .
0 .
0 .

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About Digirad Corporation

Digirad Digirad Corporation provides diagnostic solutions in the United States. The company operates in two segments, Diagnostic Services and Diagnostic Imaging. The Diagnostic Services segment provides in-office nuclear cardiology and ultrasound services, and cardiac event monitoring services to physicians who perform nuclear imaging, echocardiography, vascular or general ultrasound tests, or any combination of these procedures in their offices, hospita... Read more

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