Fri 19'th Oct 2018
Digital Turbine Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
|Shorts||11.21% ( 2018-09-28 )|
Digital Turbine fell by -2.92% in the last day from $1.37 to $1.33 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -2.21% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -156 810 shares and in total 129 190 shares bought and sold for approximately $171 823.00.
Digital Turbine lies in the middle of a very 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 -13.19% during the next 3 months and, with 90% probability hold a price between $0.96 and $1.24 at the end of this period.
Digital Turbine holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $1.32 and $1.28. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday October 17, 2018, which indicates further falls until a new bottom pivot has been found. 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 59 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 $1.25 and $1.23.
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 $1.25. If this is broken, then the next support from accumulated volume will be at $1.23 and $1.19.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.12 between high and low, or 9.02%. For the last week the stock has had a daily average volatility of 8.11%.
Our recommended stoploss: $1.24 (-6.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
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Digital Turbine holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.Click for Top 5 Hold/Accumulates
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