Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


ISHARES CORE DIVIDEND GROWTH

51.24   +0.35 (+0.69%)

American Stock Exchange

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Technical Rating

7

Taking everything into account, DGRO scores 7 out of 10 in our technical rating. Although DGRO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
DGRO has an average volume of 2443430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, DGRO turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
DGRO is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month DGRO has a been trading in a tight range between 49.51 and 51.51.
Volume is considerably higher in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 2.32% 3.98% 1.24% -3.90% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 53.59 43.67 - 54.73
DGRO Weekly chart
DGRO Daily chart

Support/Resistance Analysis


44.02

56.63
4 important support areas can be observed.
  • A support zone ranging from 50.20 to 50.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @49.40 from a horizontal line in the daily time frame.
  • Support @45.84 from a horizontal line in the daily time frame.
  • A support zone ranging from 44.46 to 44.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • A resistance zone ranging from 51.64 to 52.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 53.69 to 53.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 55.68 to 56.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

10

Besides having an excellent technical rating, DGRO also presents 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 51.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.8, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DGRO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
52.3850.192.19 (4.18%)23.92%
An entry @52.38. This is a Buy Stop order right above the resistance zone.An exit @50.19. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.19 points, which is 4.18%.When investing 23.92% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.