Tue 14'th Aug 2018
Digital Turbine Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||11.66% ( 2018-07-31 )|
No changes to the price of Digital Turbine in the last trading day. The price has risen in 5 of the last 10 days and is up by 6.47% over the past 2 weeks.
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 -18.04% during the next 3 months and, with 90% probability hold a price between $1.02 and $1.34 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 $1.47 and $1.46. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday August 13, 2018, 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 58 and the stock is currently not being overbought or oversold
Support & Resistance
Digital Turbine finds support from accumulated volume at $1.45.
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 $0.10 between high and low, or 6.97%. For the last week, the stock has had a daily average volatility of 7.87%.
Our recommended stoploss: $1.39 (-6.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.Click for Top 5 Hold/Accumulates
|APPS $1.48 $0.00(0.00%)|
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