DMC GLOBAL INC (BOOM) Technical Analysis
NASDAQ:BOOM • US23291C1036
Current stock price
BOOM Technical Rating and Analysis
Taking everything into account, BOOM scores 0 out of 10 in our technical rating. BOOM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 91% of all other stocks performed better in the past year than BOOM.
- BOOM is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, of which 93% are performing better than BOOM.
- BOOM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BOOM is lagging the market.
- BOOM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
BOOM Weekly and Daily overview Charts
BOOM Setup Rating and Analysis
BOOM has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BOOM Support and Resistance Analysis
4.67
When analyzing the support we notice one important area.
- A support zone ranging from 4.72 to 4.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @5.05 from a horizontal line in the daily time frame.
- Resistance @8.38 from a trend line in the daily time frame.
- Resistance @8.52 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.77 to 8.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
BOOM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BOOM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOOM is down. |
| ChartMill Relative Strength | 9.19 | NEGATIVE | BOOM has a low relative strength, it was outperformed by 90.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOOM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BOOM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BOOM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.8 | NEUTRAL | The RSI value for BOOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BOOM has a positive trend. |
| Stochastics (14,3) | 10.64 | OVERSOLD | The low Stochastics value suggests BOOM may be oversold. |
| Average True Range in percent/ATR (20) | 9.38 | HIGH VOLATILITY | The high ATR as a percentage value for BOOM suggests high volalility. |
| Average Directional Index/ADX (14) | 49.53 | POSITIVE | The high ADX value value for BOOM suggests a strong trend. |
BOOM Chart- and CandleStick Pattern Analysis
BOOM Technicals: Chart, Performance Metrics, Trend & Indicators
4.86
+0.11 (+2.32%)
DMC GLOBAL INC / BOOM TA FAQ
What is the ChartMill technical rating of DMC GLOBAL INC (BOOM) stock?
ChartMill assigns a technical rating of 0 / 10 to BOOM.
What is the trend direction for BOOM stock?
The current trend direction for DMC GLOBAL INC (BOOM) is Bearish.
Can you provide the RSI signal for DMC GLOBAL INC?
DMC GLOBAL INC (BOOM) has an RSI value of 30.797. This indicates that the stock is currently neutral.
What is the MACD signal for DMC GLOBAL INC (BOOM) stock?
The MACD indicator for DMC GLOBAL INC (BOOM) has a value of 0.0287621, indicating a bearish trend.
Can you provide the short term momentum for DMC GLOBAL INC?
The short term momentum for DMC GLOBAL INC (BOOM) is negative.