Stock Analysis: Strong Growth Stock Technical Setups

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to DT. DT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

78% of all other stocks performed better in the past year than DT.

DT is part of the Software industry. There are 277 other stocks in this industry, of which 60% are performing better than DT.

DT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month DT has a been trading in the 43.97 - 47.65 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

DT has an average volume of 3671470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 46.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DT in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

43.32

48.22

When analyzing the support we can see 2 important areas.

A support zone ranging from 45.52 to 46.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 43.76 to 43.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 46.57 to 47.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.