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Stock Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

DigitalOcean Holdings, Inc. (NYSE:DOCN)

Long-Term Downtrend (-90) - DOCN is in a strong downtrend that is likely to continue. While DOCN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid DOCN?

MarketClub looks at technical strength and momentum to determine if the timing is right for DOCN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_DOCN
Open High Low DOCN Price Change
33.40 33.68 32.50 32.83 -0.55
Entry Signal

MarketClub’s Trade Triangles for DOCN

long term down The long-term trend has been DOWN since Apr 19th, 2024 at 32.58

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 35.50

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 32.95

Smart Scan Analysis for DOCN

Based on our trend formula, DOCN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DOCN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.40 33.68 32.50 32.83 -0.55
Prev. Close Volume Bid Ask Time
32.82 632979 2024-07-19 15:59:25
52wk High50.0552wk High Date2023-07-21
52wk Low19.3952wk Low Date2023-11-01
Average Volume1,147,765Shares Outstanding91,091
Assets148,557,300MLiabilities177,164,500M
P/E Ratio64.1923
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