APPS - Digital Turbine

Exchange: NASDAQ

APPS - Digital Turbine

Exchange: NASDAQ
#1010()/7534

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE -2.92%
PRICE $1.33
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Digital Turbine Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Hold candidate since 2018-10-18 Loss -2.92%
Shorts 11.21% ( 2018-09-28 )
Cash 6.9 mill
Loans 13.3 mill
Beta 1.06
ROA -50.46

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.

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

The stock had a Golden Star Signal* on Monday October 15, 2018 in the short-term chart.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $1.25 Price: $1.33 Resistance: $1.44

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Hold/Accumulate

Click for Top 5 Hold/Accumulates
APPS $1.33 $-0.04(-2.92%)
APPS is down $0.04 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for APPS based on the 1-3 month system that more than doubles the S&P 500.

Click here – the APPS analysis is free »

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