Taking everything into account, BOOM scores 5 out of 10 in our technical rating. BOOM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
BOOM has an average technical rating and the quality of the presented setup is also not ideal 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.
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6.64
When analyzing the support we notice one important area.
- A support zone ranging from 6.71 to 6.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.39 to 7.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.29 to 8.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.77 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BOOM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOOM is up. |
| ChartMill Relative Strength | 42.57 | NEUTRAL | BOOM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BOOM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BOOM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BOOM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.35 | NEUTRAL | The RSI value for BOOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BOOM has a positive trend. |
| Stochastics (14,3) | 88.6 | OVERBOUGHT | The high Stochastics value suggests BOOM may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for BOOM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.2 | NEUTRAL | The ADX value for BOOM suggests a possible start of a new trend. |
7.38
+0.14 (+1.93%)
DMC GLOBAL INC / BOOM FAQ
What is the ChartMill technical rating of DMC GLOBAL INC (BOOM) stock?
ChartMill assigns a technical rating of 5 / 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 67.3542. 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 0.0797056, 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 positive.