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Stock Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Desktop Metal, Inc. Class A (NYSE:DM)
Sidelines Mode (+55) - DM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Mar 27th, 2024 at 0.8635
The intermediate-term trend has been UP since Mar 6th, 2024 at 0.6730
The short-term trend has been DOWN since Apr 25th, 2024 at 0.8160
Smart Scan Analysis for DM
Based on our trend formula, DM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8399 | 0.8400 | 0.8080 | 0.8257 | -0.0089 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8346 | 352063 | 2024-04-25 11:15:45 |
| 52wk High | 2.3 | 52wk High Date | 2023-06-13 |
| 52wk Low | 0.4551 | 52wk Low Date | 2024-02-22 |
| Average Volume | 2,954,715 | Shares Outstanding | 329,637 |
| Assets | 458,001,000M | Liabilities | 216,349,000M |
| P/E Ratio | -8.91110000 |