Where Will Digital Brands Group Inc (DBGI) Stock Go Next After It Has Gained 13.41% in a Week?

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!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With DBGI Stock Today?

Digital Brands Group Inc (DBGI) stock is trading at $4.06 as of 2:15 PM on Thursday, Mar 28, a rise of $0.22, or 5.73% from the previous closing price of $3.84. The stock has traded between $3.83 and $4.37 so far today. Volume today is light. So far 101,234 shares have traded compared to average volume of 137,140 shares. To screen for more stocks like 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.