DMC GLOBAL INC (BOOM) Stock Technical Analysis
NASDAQ:BOOM • US23291C1036
Taking everything into account, BOOM scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BOOM is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BOOM is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- BOOM is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, BOOM did better than 44% of them.
- BOOM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BOOM is lagging the market.
- In the last month BOOM has a been trading in the 7.80 - 9.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BOOM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.52. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
7.76
We found 2 important support areas.
- A support zone ranging from 8.14 to 8.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.84 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.52 to 8.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.87 to 8.98. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for BOOM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOOM is up. |
| ChartMill Relative Strength | 80.84 | POSITIVE | BOOM has a high relative strength, it outperformed 80.84% 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) | UP | POSITIVE | The current price of BOOM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BOOM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.48 | NEUTRAL | The RSI value for BOOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BOOM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.27 | NEUTRAL | The Stochastics value for BOOM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for BOOM suggests high volalility. |
| Average Directional Index/ADX (14) | 26.08 | POSITIVE | The high ADX value value for BOOM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.62 | 8.13 | 0.49 (5.68%) | 17.59% |
| An entry @8.62. This is a Buy Stop order right above the resistance zone. | An exit @8.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.49 points, which is 5.68%. | For a 1.00% total portfolio risk, you can invest 17.59% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BOOM. Please evaluate whether better entry and exit points can be found.
- 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.
8.49
+0.11 (+1.31%)
DMC GLOBAL INC / BOOM FAQ
What is the ChartMill technical rating of DMC GLOBAL INC (BOOM) stock?
ChartMill assigns a technical rating of 8 / 10 to BOOM.
What is the trend direction for BOOM stock?
The current trend direction for DMC GLOBAL INC (BOOM) is Bullish.
Can you provide the RSI signal for DMC GLOBAL INC?
DMC GLOBAL INC (BOOM) has an RSI value of 55.4831. 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 -0.0809658, 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.