Digitalocean Holdings Stock Technical Analysis
| DOCN Stock | USD 39.60 0.73 1.88% |
As of the 23rd of November, DigitalOcean Holdings shows the Downside Deviation of 3.3, coefficient of variation of 1875.46, and Mean Deviation of 2.22. DigitalOcean Holdings technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
DigitalOcean Holdings Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as DigitalOcean, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DigitalOceanDigitalOcean |
DigitalOcean Holdings Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 33.44 | Buy | 13 | Odds |
Most DigitalOcean analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand DigitalOcean stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of DigitalOcean Holdings, talking to its executives and customers, or listening to DigitalOcean conference calls.
DigitalOcean Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
DigitalOcean Holdings Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of DigitalOcean Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
DigitalOcean Holdings Trend Analysis
Use this graph to draw trend lines for DigitalOcean Holdings. You can use it to identify possible trend reversals for DigitalOcean Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual DigitalOcean Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.DigitalOcean Holdings Best Fit Change Line
The following chart estimates an ordinary least squares regression model for DigitalOcean Holdings applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that DigitalOcean Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.86, which is the sum of squared deviations for the predicted DigitalOcean Holdings price change compared to its average price change.About DigitalOcean Holdings Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of DigitalOcean Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of DigitalOcean Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on DigitalOcean Holdings price pattern first instead of the macroeconomic environment surrounding DigitalOcean Holdings. By analyzing DigitalOcean Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of DigitalOcean Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to DigitalOcean Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Graham Number | 4.7 | 1.66 | 4.11 | 2.38 | Receivables Turnover | 10.82 | 10.71 | 11.14 | 12.58 |
DigitalOcean Holdings November 23, 2024 Technical Indicators
Most technical analysis of DigitalOcean help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for DigitalOcean from various momentum indicators to cycle indicators. When you analyze DigitalOcean charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0485 | |||
| Market Risk Adjusted Performance | 0.0716 | |||
| Mean Deviation | 2.22 | |||
| Semi Deviation | 3.17 | |||
| Downside Deviation | 3.3 | |||
| Coefficient Of Variation | 1875.46 | |||
| Standard Deviation | 3.24 | |||
| Variance | 10.49 | |||
| Information Ratio | 0.0129 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0127 | |||
| Treynor Ratio | 0.0616 | |||
| Maximum Drawdown | 22.0 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 5.16 | |||
| Downside Variance | 10.88 | |||
| Semi Variance | 10.04 | |||
| Expected Short fall | (2.39) | |||
| Skewness | (0.62) | |||
| Kurtosis | 4.59 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DigitalOcean Holdings. If investors know DigitalOcean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DigitalOcean Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.65 | Earnings Share 0.86 | Revenue Per Share 8.348 | Quarterly Revenue Growth 0.121 | Return On Assets 0.0438 |
The market value of DigitalOcean Holdings is measured differently than its book value, which is the value of DigitalOcean that is recorded on the company's balance sheet. Investors also form their own opinion of DigitalOcean Holdings' value that differs from its market value or its book value, called intrinsic value, which is DigitalOcean Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DigitalOcean Holdings' market value can be influenced by many factors that don't directly affect DigitalOcean Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DigitalOcean Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalOcean Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalOcean Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.