Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Desktop Metal, Inc. Class A (NYSE:DM)
Strong Downtrend (-100) - DM is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DM continues to fall. Traders should use caution and set stops.
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 DOWN since Aug 15th, 2023 at 1.5400
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 1.4800
The short-term trend has been DOWN since Dec 8th, 2023 at 0.7632
Smart Scan Analysis for DM
Based on our trend formula, DM is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8000 | 0.8180 | 0.7390 | 0.7419 | -0.0581 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7429 | 3099187 | 2023-12-08 15:59:13 |
| 52wk High | 2.55 | 52wk High Date | 2023-03-07 |
| 52wk Low | 0.61 | 52wk Low Date | 2023-11-30 |
| Average Volume | 3,328,059 | Shares Outstanding | 324,736 |
| Assets | 714,186,000M | Liabilities | 228,616,000M |
| P/E Ratio | -8.91110000 |