Digital Turbine Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Digital Turbine in the last trading day. The price has been going up and down for this period, and there has been a -7.42% loss for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the APPS stock was $2.12.
During day the stock fluctuated 4.35% from a day low at $2.07 to a day high of $2.16.
30 day high of the APPS stock price was $2.37 and low was $1.61.
90 day high was $2.37 and low was $1.23.
52 week high for the Digital Turbine - $2.59 and low - $1.12.
Digital Turbine lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 52.47% during the next 3 months and, with 90% probability hold a price between $2.94 and $3.71 at the end of this period.
Only positive signals in the chart today. Digital Turbine holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $2.13. On a fall, the stock will find some support from the long-term average at approximately $1.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday January 16, 2019, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.98 and $1.70.
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, Digital Turbine finds support just below today's level at $1.98. If this is broken, then the next support from accumulated volume will be at $1.70 and $1.65.
This stock may move much during a 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 $0.09 between high and low, or 4.35%. For the last week, the stock has had a daily average volatility of 6.93%.
Our recommended stoploss: $2.00 (-5.74%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)
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Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
|APPS $2.12 $0.00(0.00%)|
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