Differential Brands Group Inc. Forecast and Stock Analysis
Technical DFBG stock analysis for February 15, 2019.
Differential Brands Group Inc. gained 5.57% in the last trading day, rising from $3.41 to $3.60 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -0.28% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 25 954 more shares were traded than the day before. In total, 74 470 shares bought and sold for approximately $268 092.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the DFBG stock was $3.60. This is 5.57% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 12.79% from a day low at $3.40 to a day high of $3.84.
30 day high of the DFBG stock price was $3.96 and low was $2.97.
90 day high was $6.00 and low was $2.81.
52 week high for the Differential Brands Group Inc. - $6.89 and low - $0.83.
Differential Brands Group Inc. lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.73 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -36.04% during the next 3 months and, with 90% probability hold a price between $1.06 and $2.38 at the end of this period.
Only positive signals in the chart today. Differential Brands Group Inc. holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $3.29 and $3.45. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Differential Brands Group Inc. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 45 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 $3.39 and $3.22.
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, Differential Brands Group Inc. finds support just below today's level at $3.39. If this is broken, then the next support from accumulated volume will be at $3.22 and $2.95.
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 $0.44 between high and low, or 12.79%. For the last week, the stock has had a daily average volatility of 8.96%.
Our recommended stoploss: $3.42 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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 Sell Candidate to a Buy Candidate.