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APPS - Digital Turbine

Exchange: NASDAQ

APPS - Digital Turbine

Exchange: NASDAQ
#666()/6711

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 3.98%
PRICE $2.35
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

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Digital Turbine Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 7.40% ( 2018-01-31 )
Cash 25.2 mill
Loans 56.5 mill
Beta 1.29
ROA -17.01
Buy candidate since 2018-02-23

Digital Turbine gained 3.98% in the last trading day, rising from $2.26 to $2.35 The price has risen in 7 of the last 10 days and is up by 16.92% over the past 2 weeks. Volume fell in the last day by -6.14 million shares, and in total, 1.08 million shares bought and sold for approximately $2.53 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

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Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $2.26 Price: $2.35 Resistance: $2.40

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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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