DIGITAL BRANDS GROUP INC (DBGI) Stock Technical Analysis
USA - NASDAQ:DBGI - US25401N5077 - Common Stock
10.31 USD
-1.11 (-9.72%)
10.77 USD
+0.46 (+4.46%)
Taking everything into account, DBGI scores 4 out of 10 in our technical rating. In the past year, DBGI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, DBGI is a bad performer in the overall market: 96% of all stocks are doing better.
DBGI is one of the lesser performing stocks in the Specialty Retail industry. 85% of 121 stocks in the same industry do better.
DBGI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month DBGI has a been trading in the 1.84 - 12.75 range, which is quite wide. It is currently trading near the high of this range.
DBGI has an average volume of 19740900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DBGI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for DBGI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.21
11.54
2 important resistance areas can be observed.
- Resistance @10.70 from a horizontal line in the weekly time frame.
- Resistance @11.43 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DBGI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBGI is up. |
| ChartMill Relative Strength | 4.87 | NEGATIVE | DBGI has a low relative strength, it was outperformed by 95.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DBGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DBGI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.36 | NEUTRAL | The RSI value for DBGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests DBGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.59 | NEUTRAL | The Stochastics value for DBGI is a neutral value. |
| Average True Range in percent/ATR (20) | 20.69 | HIGH VOLATILITY | The high ATR as a percentage value for DBGI suggests high volalility. |
| Average Directional Index/ADX (14) | 35.17 | POSITIVE | The high ADX value value for DBGI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.31
-1.11 (-9.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-9.72%
1 Week22.01%
2 Weeks7.9%
1 Month167.79%
3 Month17.83%
6 Month-87.87%
12 Month-92.61%
2 Year-99.46%
3 Year-99.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.64
ATR(20)%20.69%
ATR Inc15.74%
Range Today1.76
ADR(20)1.74
ADR(20)%16.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.87
Mansfield-9.01
10 Day High11.8
10 Day Low8.21
20 Day High12.75
20 Day Low1.84
52 Week High640
52 Week Low1.84
CS1 EndN/A
CR1 Start10.7
Volume & EV
DER(3)4.23%
DER(5)3.39%
Volume123.90K
Volume Incr-95.11%
Vol(5)111.45K
Vol(50)19.74M