Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
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.
44.02
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.
The following trade can be suggested based on the decent technical rating and setup score.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
52.38 | 50.19 | 2.19 (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%. |