Stock Analysis: Good Stocks to Buy Now for Long Term – DigitalBridge Inc (DBRG)
For investors seeking good stocks to buy now for long term, DigitalBridge Inc (DBRG) offers a promising opportunity. On Friday, 25 October 2024, DigitalBridge closed at $16.86, making it an attractive option for long-term growth. Let’s dive into the technical analysis and explore why DigitalBridge stands out as one of the good stocks to buy now for long term investors looking for growth under $50.
1. Overview of DigitalBridge Inc (DBRG)
DigitalBridge Inc is a global digital infrastructure company focused on investments in data centers, towers, fiber networks, and other digital services. With its strategic focus on high-growth sectors within the digital economy, DigitalBridge is considered one of the good stocks to buy now for long term investments, especially for those interested in the digital infrastructure sector.
2. Closing Price: 25 October 2024
On 25 October 2024, DigitalBridge closed at $16.86. This price level is significant as the stock is showing bullish indicators on multiple time frames, positioning it as one of the good stocks to buy now for long term.
3. Monthly Time Frame Analysis
Looking at the monthly time frame, DigitalBridge has shifted from a bearish trend to a bullish trend. After months of downward movement, the stock is now showing signs of recovery. The monthly chart also shows the formation of an incomplete bearish bat harmonic pattern, with a potential upside target around the $30 price level. This suggests that DigitalBridge could test these higher price levels in the coming months, making it one of the good stocks to buy now for long term.
In September 2024, the stock tested the May 2023 demand zone, which acted as a strong support level. Based on the stock’s previous behavior, we expect it to bounce towards the upside from this demand zone.
4. Weekly Time Frame: Bullish Breakout and RSI Divergence
On the weekly time frame, DigitalBridge has shown strong bullish signals. The stock has broken above the 21 EMA (Exponential Moving Average), a key indicator of bullish momentum. This breakout suggests that buyers are in control, and the stock is likely to continue moving upwards.
The RSI (Relative Strength Index) is also showing bullish divergence, indicating that while the stock price was falling, momentum was shifting in favor of the bulls. These technical signals support the case for DigitalBridge as one of the good stocks to buy now for long term.
5. Critical Support Level: $9.70
While DigitalBridge is showing strong bullish signals, it’s important to monitor the $9.70 price level. If the stock breaks and closes below $9.70, the current bullish setup would be invalidated, and further downside could be expected. However, as long as the stock remains above this level, the bullish outlook remains intact, positioning DigitalBridge as a solid long-term investment.
CHECKOUT HERE :- Next Good Swing Trade Stocks With Target & Stop Loss
Swing Trade Idea for DigitalBridge Inc (DBRG)
For those interested in short-term trading opportunities, DigitalBridge offers a favorable swing trade setup. Here’s a swing trade idea based on current technical analysis:
- Buy Entry Range: $17 – $13
- Stop Loss: $10.20
- Target 1: $19.30
- Target 2: $22
This swing trade setup provides a favorable risk-to-reward ratio, with the stop-loss placed just below the $9.70 support level to manage downside risk. The first target of $19.30 and the second target of $22 are realistic based on historical price action and resistance levels.
6. Why DigitalBridge is Among the Best Stocks to Buy Now for Long Term
DigitalBridge is considered one of the good stocks to buy now for long term for several reasons:
- Bullish Trend Shift: The stock has shifted from a bearish to a bullish trend on the monthly chart, indicating that buyers are gaining control.
- Harmonic Pattern: The incomplete bearish harmonic pattern suggests that the stock could test higher price levels, with an upside target around $30.
- Break Above 21 EMA: The stock’s break above the 21 EMA on the weekly time frame confirms bullish momentum, while the bullish divergence on the RSI indicates that momentum is shifting in favor of the bulls.
These factors make DigitalBridge an attractive option for both swing traders and long-term investors seeking good stocks to buy now for long term growth potential.
7. Risk Management and Strategy
While DigitalBridge presents a strong bullish setup, risk management is crucial. Swing traders should adhere to the stop-loss at $10.20 to minimize downside risk if the stock fails to hold above the $9.70 support level.
For long-term investors, it’s important to monitor the broader market trends in digital infrastructure and the company’s performance in key areas such as data centers, towers, and fiber networks. As the stock approaches its upside targets of $19.30 and $22, taking partial profits or adjusting positions may be a wise strategy.
8. Long-Term Investment Outlook
DigitalBridge operates in a high-growth sector, focusing on digital infrastructure that powers modern economies. With the increasing demand for data centers, fiber networks, and other digital services, the company is well-positioned for long-term growth. For investors seeking good stocks to buy now for long term, DigitalBridge offers both value and growth potential.
With upside targets of $19.30 and $22, there is significant room for price appreciation in the coming months and years. Long-term investors can benefit from the company’s strategic focus on digital infrastructure and its ability to capitalize on the global demand for digital services.
9. Conclusion: DigitalBridge is a Strong Buy for Long-Term Investors
DigitalBridge Inc (DBRG) is one of the good stocks to buy now for long term due to its bullish trend shift, strong demand zone support, and bullish signals on the weekly chart. With upside targets of $19.30 and $22, the stock presents a promising opportunity for both swing traders and long-term investors.
As long as the stock holds above the $9.70 level, the bullish outlook remains valid, and DigitalBridge could continue to rise in the coming weeks and months. For those seeking a combination of short-term gains and long-term growth, DigitalBridge is a top contender among the good stocks to buy now for long term.
FAQs
1. Is DigitalBridge a good stock to buy for long-term investment?
Yes, DigitalBridge is considered one of the good stocks to buy now for long term due to its bullish trend shift, harmonic pattern formation, and strong potential in the digital infrastructure sector.
2. What is the closing price of DigitalBridge on 25 October 2024?
On 25 October 2024, DigitalBridge closed at $16.86.
3. What are the upside targets for DigitalBridge?
The upside targets for DigitalBridge are $19.30 and $22, with potential resistance at these levels.
Read More Information About US Stock Market
Note: Always remember: risk no more than 1% per trade.” Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
To get regular updates on stocks, please join Free our Discord community , Join Our Whatsapp Group
Our Articles on Long-Term Stock Analysis My best read on trading is this Book All Swing Trades Idea’s Here