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Destination XL Group Stock Forecast NASDAQ:DXLG

$6.44 (-5.01%)

Volume: 784k

Closed: Dec 03, 2021

Hollow Logo Score: -3.066

Destination XL Group Stock Forecast

$6.44 (-5.01%)

Volume: 784k

Closed: Dec 03, 2021

Score Hollow Logo -3.066
Which way will DXLG go? Request
Key Stats
P/E Ratio 9.76
* 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 ] The Destination XL Group stock currently holds an RSI14 at 24 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Is Destination XL Group stock still a buy after falling -5.01% on Friday ?
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-30 Loss -9.93%

The Destination XL Group stock price fell by -5.01% on the last day (Friday, 3rd Dec 2021) from $6.78 to $6.44. and has now fallen 7 days in a row. During the day the stock fluctuated 8.70% from a day low at $6.32 to a day high of $6.87. The price has fallen in 8 of the last 10 days and is down by -23.33% for this period. Volume has increased on the last day by 242 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, 784 thousand shares were bought and sold for approximately $5.05 million.

The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $6.75. A reaction back to this level may hold a second chance to get out before further falls.

Signals & Forecast

There are few to no technical positive signals at the moment. The Destination XL Group 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 $7.20 and $7.37. 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 17, 2021, and so far it has fallen -27.23%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Destination XL Group finds support from accumulated volume at $6.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.55 between high and low, or 8.70%. For the last week, the stock has had a daily average volatility of 9.07%.

Destination XL Group is oversold on RSI14 (24). 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 an negative evaluation for this stock. No stop-loss is set.

Is Destination XL Group stock A Buy?

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

Current score: -3.066

Predicted Opening Price for Destination XL Group 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
$6.54 $6.44 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 9.07 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.07 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.76
Price: $6.44
Support: $6.32

DXLG Insider Trading Show all Trades

INSIDER POWER

0.148

Last 100 transactions
Buy: 2 119 817 | Sell: 14 348 751 (Shares)
Date Action Amount Person Type
Nov 16, 2021 Sell 6 666 Molloy Robert S Common Stock, $0.01 par value
Nov 15, 2021 Sell 19 055 Chane Francis C Non-Qualified Stock Option (Right to Buy)
Nov 15, 2021 Sell 6 667 Chane Francis C Common Stock, $0.01 par value
Nov 15, 2021 Sell 10 000 Dhoot Ujjwal Common Stock, $.01 par value
Nov 15, 2021 Sell 18 317 Molloy Robert S Non-Qualified Stock Option (Right to Buy)
Show all Insider Trades
INSIDER POWER

0.148

Last 100 transactions
Buy: 2 119 817 | Sell: 14 348 751 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.09 10.14 %
6.88 6.88 %
6.75 4.87 %
Current price: 6.44
Support 6.33 -1.66 %
6.20 -3.67 %
5.99 -6.94 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 7.55 17.24 %
7.15 11.02 %
6.76 4.97 %
Current price 6.44
Support 6.32 -1.86%
6.28 -2.48%
6.04 -6.21%

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About Destination XL Group

Destination XL Group Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall men’s apparel in the United States and England. Its stores offer sportswear and dresswear; shoes; accessories, such as belts, ties, socks; fashion-neutral items, including jeans, casual slacks, tee-shirts, polo shirts, dress shirts, and suit separates; casual clothing; lifestyle products comprising chairs, outdoor accessories, travel acce... Read more

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