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DBGI Stock Digital Brands Group (DBGI, $0.21) RSI Indicator left the oversold zone on October 18, 2024

A.I.dvisor
at Tickeron.com
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DBGI - Digital Brands Group
RSI signal
Bullish Trend
Odds of UP Trend
Tickeron
RSI signal
Price: $0.2075
Daily change: +$0.0075 (+3.75%)
Daily volume: 4.9M
Industry: Apparel/Footwear Retail
This is a signal that DBGI's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. A.I.dvisor looked back and found 36 similar cases where DBGI's RSI Indicator left the oversold zone, and in of them led to a successful outcome. Odds of Success:

DBGI's Stochastic Oscillator is remaining in oversold zone for 4 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where DBGI's RSI Indicator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 18, 2024. You may want to consider a long position or call options on DBGI as a result. In of 53 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a +3 3-day Advance, the price is estimated to grow further. Considering data from situations where DBGI advanced for three days, in of 130 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DBGI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DBGI broke above its upper Bollinger Band on October 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for DBGI entered a downward trend on October 21, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.814) is normal, around the industry mean (3.904). P/E Ratio (0.011) is within average values for comparable stocks, (108.527). DBGI's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.444). DBGI has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.028). P/S Ratio (0.052) is also within normal values, averaging (1.118).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. DBGI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DBGI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock worse than average.

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DBGI
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General Information

Industry ApparelFootwearRetail

Profile
Fundamentals
Details
Industry
N/A
Address
1400 Lavaca Street
Phone
+1 209 651-0172
Employees
58
Web
https://www.digitalbrandsgroup.co