Fri 23'rd Feb 2018
Digital Turbine Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||7.40% ( 2018-01-31 )|
Digital Turbine lies in the middle of a 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 34.8% during the next 3 months and, with 90% probability hold a price between $2.81 and $3.39 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 $2.38. On a fall, the stock will find some support from the long-term average at approximately $2.10. 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 Thursday February 22, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
Digital Turbine finds support from accumulated volume at $2.26. On the upside the stock meets some resistance just above today's level from accumulated volume at $2.40, $2.41 and $2.45.
The stock is about to test the resistance from accumulated volume at $2.40 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.12 between high and low, or 5.26%. For the last week, the stock has had a daily average volatility of 7.59%.
Our recommended stoploss: $2.24 (-4.61%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 1 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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