The Moving Averages are Saying Strong Sell Digi International Inc. (NASDAQ:DGII)’s Shares

Taking a look at some key pivot levels we note that the one month Pivot Woodie support stands at 11.805 while 1-month resistance level is at 12.295.  On the other hand shares would see support at the 1-month pivot woodie of 11.805 and resistance at 12.295.  One of the key differences in calculating Woodie’s Pivot Point to other pivot points is that the current session’s open price is used in the PP formula with the previous session’s high and low.

As we move deeper into earnings season, investors and analysts will be closely watching which companies look they are getting things right. Many investors will be following which companies beat or miss the estimates by a wide margin. Large surprise factors can cause a stock to jump or fall shortly after the actual numbers are released. Investors may also be tracking which industry leaders come out on top during the latest round of earnings reports. Tracking the sectors that are poised for growth may help give the investor a good idea for the types of stocks they may want to add to the portfolio as we get closer to the end of the current calendar year.   

Digi International Inc. (NASDAQ:DGII) ran -2.2065313 after opening at $11.27.  39230 shares traded hands for the 325499400 market cap company.  Digi International Inc. (NASDAQ:DGII) is a “Strong Sell” according to the social consensus. 

Diving into some additional pivot points we note that the Fibonacci S1 stands at 11.56282 while the R1 resistance number is 11.93718.  The S1 Camarilla pivot is 11.795083 while the R1 resistance is 11.884916.  The Demark Pivot is as follows: R1 resistance is 12.14 while S1 support is 11.65.

Digi International Inc. (NASDAQ:DGII) shares hit a high of 12.99 within the past month while touching a low point of 10.9537 over the past 30 days. 

Turning to simple moving averages, Digi International Inc., the below chart outlines the current numbers:

10-Day Simple Moving Average: 11.658
20-Day Simple Moving Average: 11.694
30-Day Simple Moving Average: 11.723
50-Day Simple Moving Average: 11.72226
100-Day Simple Moving Average: 12.077108
200-Day Simple Moving Average: 12.6350975

Consensus Rating: Strong Sell

Turning to Bollinger Bands, the upper 20 band holds at 12.0725975 while the lower is currently 11.315403.  The average volume over the past 3 months is 76688.51 compared to the 10-day average of 81109.3.

Other moving averages that have been taken into consideration in order to try to figure out the potential direction of the shares include the Hull Moving Average.  The Hull MA currently reads 11.424926.  The Positive Directional Indicator is at 19.587223.  The volume weighted moving average stands at 11.688526.  Putting all the pieces together the moving average signal for Digi International Inc. (NASDAQ:DGII) is a consensus “Strong Sell” signal.

Changing lanes over to oscillators, we see that the Aroon Up oscillator is currently 78.57143 while the Aroon Down shows 100.  These are useful in determining if a reversal might be in the near future.  Given the Ultimate Oscillator number of 39.109196 and Parabolic SAR number of 12.020121, combined with other variables, Digi International Inc. (NASDAQ:DGII) has been given a consensus oscillator rating of “Sell”. 

The stock market can be influenced by many different factors such as news, politics, earnings reports, or even company rumors. Often times the market may not react as expected to certain events. This may cause the investor to become frustrated at times. Sometimes certain market moves may seem to go against prevailing logic. This is why it can be extremely hard to predict near-term moves with any certainty. Taking a big picture look at the financial markets may help offer a clearer picture of how all the different aspects contribute to market movements. Figuring out why a certain move happened may help shed some light when the same scenario arises again in the future.  

Investors will be closely watching to see if the firm can move towards the $30.75 time high as the Bull Bear Power number stands at -0.82560134.  

Digi International Inc. (NASDAQ:DGII) has returned -4.64716 after closing at $—  in the recent session.  The stock is looking to return closer to the 52-week high of $14.7.