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Stock Trend Analysis Report
Prepared for you on Tuesday, October 22, 2024.
Desktop Metal, Inc. Class A (NYSE:DM)
Long-Term Uptrend (+90) - DM is in a strong uptrend that is likely to continue. While DM is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid DM?
MarketClub looks at technical strength and momentum to determine if the timing is right for DM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DM
The long-term trend has been UP since Jun 11th, 2024 at 1.18
The intermediate-term trend has been UP since Aug 26th, 2024 at 4.50
The short-term trend has been UP since Oct 17th, 2024 at 4.94
Smart Scan Analysis for DM
Based on our trend formula, DM is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.900 | 4.950 | 4.900 | 4.915 | -0.005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.920 | 212425 | 2024-10-22 15:54:40 |
| 52wk High | 11.8 | 52wk High Date | 2024-04-09 |
| 52wk Low | 3.62 | 52wk Low Date | 2024-06-18 |
| Average Volume | 267,875 | Shares Outstanding | 33,234 |
| Assets | 306,492,000M | Liabilities | 206,651,000M |
| P/E Ratio | -0.45050000 |