DAL Technical Analysis - DATALOGIC SPA

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to DAL. Recently some decent action could be observed, but in the medium term time frame this is still negative. DAL was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, DAL is a bad performer in the overall market: 85% of all stocks are doing better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

DAL is part of the Electronic Equipment, Instruments & Components industry. There are 53 other stocks in this industry, DAL did better than 44% of them.

DAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DAL is lagging the market.

In the last month DAL has a been trading in the 4.21 - 4.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DAL has an average technical rating and also the quality of the setup is only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.98

6.83

We found 3 important support areas.

A support zone ranging from 4.41 to 4.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.20 from a trend line in the weekly time frame.
A support zone ranging from 4.02 to 4.08. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 4.71 to 4.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @6.76 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for DAL.MI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DAL.MI is up.
ChartMill Relative Strength	15.73	NEGATIVE	DAL.MI has a low relative strength, it was outperformed by 84.27% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of DAL.MI is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DAL.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DAL.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.18	NEUTRAL	The RSI value for DAL.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests DAL.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	68.36	NEUTRAL	The Stochastics value for DAL.MI is a neutral value.
Average True Range in percent/ATR (20)	3.53	MEDIUM VOLATILITY	The ATR as a percentage value for DAL.MI suggests some volalility.
Average Directional Index/ADX (14)	30.62	POSITIVE	The high ADX value value for DAL.MI suggests a strong trend.