Digital Brands Group Inc (DBGI) Stock: What Does the Chart Say Tuesday?

The market has been high on Digital Brands Group Inc (DBGI) stock recently. DBGI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Digital Brands Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DBGI!

See Full DBGI Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With DBGI Stock Today?

Digital Brands Group Inc (DBGI) stock is down -2.25% while the S&P 500 is higher by 0.28% as of 3:06 PM on Tuesday, Mar 19. DBGI is lower by -$0.08 from the previous closing price of $3.56 on volume of 72,033 shares. Over the past year the S&P 500 is higher by 30.68% while DBGI is lower by -88.40%. DBGI lost -$225.28 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Digital Brands Group Inc click here.

More About Digital Brands Group Inc

Digital Brands Group Inc offers variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. The company has expanded into an omnichannel brand offering the styles and content not only online but at selected wholesale and retail storefronts. Click Here to get the full Stock Report for Digital Brands Group Inc stock.