Stock Analysis: Strong Growth Stock Technical Setups

Technical Rating and Analysis

Taking everything into account, DT scores 1 out of 10 in our technical rating. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, DT is a bad performer in the overall market: 78% of all stocks are doing better.

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 44.42 - 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 3660360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

DT is part of the Software industry. There are 277 other stocks in this industry, DT did better than 40% of them.

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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

Although the technical rating is bad, DT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 47.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.22, 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 46.22. 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.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 47.11 to 47.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.