DGLY stock price today is 1.6800 USD with a volume of 3,424,190. At the same time, its chart fluctuates between 1.6201 USD – 1.7100 USD. DGLY stock price was a maximum of 7.1000 USD and a minimum of 0.8300 USD within 52 weeks. Its average volume is 4,789,960 and it is ranked 86.543M in the MarketCap listings.
Digital Ally Inc.
Digital Ally Inc was established in 2000 in Kansas, United States. Responsible for the production and sales of digital video imaging, storage and disinfectant and related security products for use in law enforcement, security and commercial applications internationally.
The company provides a variety of products to many areas. For example, in-vehicle digital video mirror systems for law enforcement officers, in-vehicle digital video event recording systems for commercial fleets, data management web-based tools package to assist fleet managers in the organization, archiving and management of videos and telematics information are among the products it provides. It also provides the service of cloud storage solution VuVault.net, which supports law enforcement. The company manufactures and deals with products in many different fields such as the temperature screening device ThermoVu, disinfectants and cleaners, masks and gloves for healthcare workers and other consumers.
Should DGLY Stock Be Purchased?
DGLY stock price rose 3.07% on the last trading day and rose from $ 1.63 to $ 1.68. During the day, the stock fluctuated 5.56% from a minimum of $ 1.62 to a maximum of $ 1.71. During this period, the stock price fluctuates continuously, but there has been an increase of 4.35% in the last 2 weeks. DGLY stock sales volume decreased by 1 million shares in the last day and 3 million shares were traded to approximately $ 5.71 million. It will make a difference to have both high prices and falling volume. This could be an early warning about possible changes in the next few days.
DGLY stock is in the midst of a very broad and falling trend in short-term trading. It has the signal that there is more drop due to its location. Considering this situation, it is estimated that the stock will decrease by 11.36% in the next 3 months and will likely be in the price range of $ 1.30 to $ 1.69 at the end of this 3-month period.
DGLY Stock Analysis
DGLY stock holds both an average buy signal in the short term and an average overall sell signal in the long term. There is a general sell signal that gives a more negative forecast for the stock, as long-term transactions appear above short-term transactions. The stock seems to meet the average resistance of $ 1.75 in the long run.
In the decline, the stock could receive support at $ 1.68 in the short term. Breaking long-term trades can signal another buy, falling below short-term trades can add another sell signal, and thus the overall signal can be strengthened. In addition, DGLY stock has a sell signal from the 3-month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom on Wednesday, May 12, 2021, after which it rose 4.35%. The rise can continue until a new top pivot is published. Last transaction prices rose but there was a decrease in volume. This causes a difference between volume and price. It could be an early warning signal.
What Should We Do?
We have said that DGLY was finding support from the $ 1.67 accumulated volume, and this level may be a chance to buy as an upside move is expected while testing support. The daily volatility of the DGLY stock last week was 6.87%. Considering the daily fluctuations of this stock, we can call it a medium-risk investment.
This is not investment advice. You must do your own research and make your own decisions. We are not responsible for the problems that may arise from your investment.