Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of DBGIW will decline by -13.12% over the next 2 Weeks and hit $13.90 by Wednesday, November 22, 2023. In that time frame, DBGIW's share price is expected to range between $12.13 and $15.61.
BearishAverageBullishDBGIW shares rose +26.88% in Tuesday, December 17, 2024's trading session, rising from a previous close of $12.61 to move at $16.00. The stock demonstrated notable intraday movement (see DBGIW's key stats for a full breakdown), fluctuating between $12.90 and $16.00, a +24.03% trading range. While recent weeks have seen some volatility, DBGIW has managed to secure a +22.32% gain over the past 2 weeks. The upward price movement was accompanied by decreased trading volume, with approximately 818 shares changing hands, 887 fewer than the previous session. This amounted to $13.09K in total market activity.
Will DBGIW Continue Its Downward Trend?
According to analyst ratings and projections for DBGIW, Digital Brands Group, Inc. shares are anticipated to decrease by -2.46%, potentially reaching $15.62 per share by November 22, 2023. Short-term technical indicators currently suggest a neutral sentiment for DBGIW. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 14 positive trading days within the past 30 sessions. Based on the DBGIW stock forecast, now is not the best time to buy DBGIW stock because its current trading price is +15.10% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on DBGIW covering social and institutional perspectives.
DBGIW Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into DBGIW's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 53.43% to 56.16%) suggest the stock is in a neutral to slightly bearish momentum phase. The 50-day RSI, at 52.24%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 55.00%, maintains a neutral outlook for the long term. Insights into DBGIW's shareholder base show how institutional investors are positioning themselves during these momentum shifts