DMC GLOBAL INC (BOOM) Stock Technical Analysis
NASDAQ:BOOM - Nasdaq - US23291C1036 - Common Stock - Currency: USD
Taking everything into account, BOOM scores 0 out of 10 in our technical rating. BOOM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BOOM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BOOM 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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6.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.78 to 6.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.24 to 7.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 11.81 | NEGATIVE | BOOM has a low relative strength, it was outperformed by 88.19% 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) | 48.45 | NEUTRAL | The RSI value for BOOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BOOM has a positive trend. |
| Stochastics (14,3) | 25.9 | NEUTRAL | The Stochastics value for BOOM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for BOOM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.18 | NEGATIVE | The low ADX value for BOOM suggests a weak or negative trend. |
6.81
+0.21 (+3.18%)