How Will the Market React to Digital Ally Inc (DGLY) Stock Getting a Bullish Rating

Digital Ally Inc (DGLY) stock is up 6.40% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DGLY Stock Today?

Digital Ally Inc (DGLY) stock is down -2.92% while the S&P 500 is higher by 0.03% as of 9:59 AM on Friday, Mar 22. DGLY is lower by -$0.08 from the previous closing price of $2.74 on volume of 2,040 shares. Over the past year the S&P 500 is up 33.18% while DGLY is lower by -36.36%. DGLY lost -$11.04 per share in the over the last 12 months. To screen for more stocks like Digital Ally Inc click here.

More About Digital Ally Inc

Digital Ally Inc produces digital video imaging and storage products for use in law enforcement, security, and commercial applications. Its products are an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets. It can integrate electronic, radio, computer, mechanical, and multi-media technologies to create solutions to address needs in a variety of other industries and markets, including mass transit, school bus, taxicab and the military. The company sells its products to law enforcement agencies and other security organizations and consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally. Click Here to get the full Stock Report for Digital Ally Inc stock.