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AI Analysis of DXLG
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Destination XL Group stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Mar 04, 2024)

Sell candidate since Mar 04, 2024 PDF
The Destination XL Group stock price fell by -0.504% on the last day (Monday, 4th Mar 2024) from $3.97 to $3.95. During the last trading day the stock fluctuated 1.39% from a day low at $3.95 to a day high of $4.00. The price has fallen in 7 of the last 10 days and is down by -1.25% 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 -147 thousand shares and in total, 87 thousand shares were bought and sold for approximately $341.86 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.79% during the next 3 months and, with a 90% probability hold a price between $3.32 and $3.89 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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DXLG Signals & Forecast

There are mixed signals in the stock today. 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 $3.99 and $4.04. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 5.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Destination XL Group stock

Destination XL Group finds support from accumulated volume at $3.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0550 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 3.49%.

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

Trading Expectations (DXLG) For The Upcoming Trading Day Of Tuesday 5th

For the upcoming trading day on Tuesday, 5th we expect Destination XL Group to open at $3.97, and during the day (based on 14 day Average True Range), to move between $3.80 and $4.10, which gives a possible trading interval of +/-$0.149 (+/-3.78%) up or down from last closing price. If Destination XL Group takes out the full calculated possible swing range there will be an estimated 7.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.00 (1.27%) than the support at $3.84 (2.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Destination XL Group stock A Buy?

Destination XL Group holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.

Current score: -1.881 Sell Candidate Downgraded

Predicted Opening Price for Destination XL Group of Tuesday, March 5, 2024

Fair opening price March 5, 2024 Current price
$3.97 ( 0.380%) $3.95

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.02 1.77 %
R2 4.00 1.24 %
R1 3.99 0.91 %
Current price: 3.95
Support S1 3.94 -0.152 %
S2 3.93 -0.481 %
S3 3.91 -1.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.52 14.43 %
R2 4.12 4.30 %
R1 4.00 1.27 %
Current price 3.95
Support S1 3.84 -2.78%
S2 3.83 -3.04%
S3 3.68 -6.84%

FAQ

What is the symbol for Destination XL Group Stock and on which exchange is it traded?
The symbol for Destination XL Group is DXLG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Destination XL Group Stock?
Destination XL Group holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.

How to buy Destination XL Group Stock?
Destination XL Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Destination XL Group Stock.

What's the current price of Destination XL Group Stock?
As of the end of day on the 2024-03-04, the price of an Destination XL Group (DXLG) share was $3.95.

What is the 52-week high and low for Destination XL Group Stock?
The 52-week high for Destination XL Group Stock is $6.32 and the 52-week low is $3.64.

What is the market capitalization of Destination XL Group Stock?
As of the 2024-03-04, the market capitalization of Destination XL Group is 238.923M.

When is the next earnings date for Destination XL Group?
The upcoming earnings date for Destination XL Group is Mar 21, 2024.

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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 clothing and shoes in the United States and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing. It also provides tailored-related separates, blazers, dress slacks, dress shirts, and neckwear; and vintage... DXLG Profile

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