The 3 stocks attempting to buck their downtrends

Bright Mountain Media, Inc., Signature Bank, Cloudflare, Inc. and others have been slumping.

Markets closed higher yesterday, as Dow Jones closed the day at 34,100, having gained 0.8%. S&P 500 gained 0.83% and closed at 4,169.48.

More data out yesterday as United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3.

What is a downtrend?

The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.

| Bright Mountain Media | 57.5% (4.5 cents) depreciation over 5 days (0.9 cents per day average)

After setting a 4.25 cents – 4.875 cents range, Bright Mountain Media, Inc. closed the day 22.73% lower at 4.25 cents. During yesterday's session, Bright Mountain Media toiled and struggled for upward momentum before closing at 4.25 cents. By the close, the the digital media company suffered a 1.25 cents or 22.73% loss. Daily trading volume (15,375 shares) increased, making up 138% of the 21-day average (11,148).

| Signature Bank | 51.71% (6.73 cents) depreciation over 8 days (0.8412 cents per day average)

More of the same from yesterday's session: early in yesterday's session, Signature Bank dropped to 9.31 cents from 12.55 cents at the end of Thursday, before closing at 9.31 cents. During the session, it lost 25.82%. After setting a 9.31 cents – 12.69 cents range, Signature Bank closed the day 25.82% lower at 9.31 cents. Yesterday's trading volume was 4.88 million shares which is under the 21-day average of 9.24 million.

Signature Bank's market cap is currently $5.86 million with an average daily volume of 9.24 million shares. The full-service commercial bank is now trading 99.9% below its 3-month high of $263.35. So far this year, it has been doing worse than the Nasdaq by 115.04%. Signature Bank expected revenue of $629 million with an EPS of $3.94.

| Cloudflare | continues a 12 day decline; plunges 21.03% yesterday

After setting a $43 – $47.1 range, Cloudflare closed the day 21.03% lower at $47.05. After ending Thursday at $59.58, Cloudflare dropped to $43 early in yesterday's session and closed at $47.05. In total, it lost 21.03%. Daily trading volume (33 million shares) was above the current multiday average of 5.39 million.