VANECK DIGITAL TRANSFORMATIO (DAPP) Stock Technical Analysis
NASDAQ:DAPP • US92189H8218
We assign a technical rating of 1 out of 10 to DAPP. DAPP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When compared to the yearly performance of all other stocks, DAPP outperforms 61% of them, which is more or less in line with the market.
- DAPP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DAPP is lagging the market.
- In the last month DAPP has a been trading in the 13.68 - 18.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DAPP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
13.57
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.78 to 15.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @15.38 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.71 to 13.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @16.51 from a horizontal line in the daily time frame.
- Resistance @18.66 from a trend line in the daily time frame.
- Resistance @19.06 from a trend 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 | DOWN | NEGATIVE | The long term trend for DAPP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DAPP is down. |
| ChartMill Relative Strength | 61.57 | NEUTRAL | DAPP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DAPP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DAPP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DAPP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.7 | NEUTRAL | The RSI value for DAPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests DAPP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.5 | NEUTRAL | The Stochastics value for DAPP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.87 | HIGH VOLATILITY | The high ATR as a percentage value for DAPP suggests high volalility. |
| Average Directional Index/ADX (14) | 22.9 | NEUTRAL | The ADX value for DAPP suggests a possible start of a new trend. |
15.93
-0.58 (-3.51%)
VANECK DIGITAL TRANSFORMATIO / DAPP FAQ
What is the ChartMill technical rating of VANECK DIGITAL TRANSFORMATIO (DAPP) stock?
ChartMill assigns a technical rating of 1 / 10 to DAPP.
What is the trend direction for DAPP stock?
The current trend direction for VANECK DIGITAL TRANSFORMATIO (DAPP) is Bearish.
What is the RSI signal for DAPP stock?
VANECK DIGITAL TRANSFORMATIO (DAPP) has an RSI value of 44.6951. This indicates that the stock is currently neutral.
What is the short term momentum for VANECK DIGITAL TRANSFORMATIO (DAPP) stock?
The short term momentum for VANECK DIGITAL TRANSFORMATIO (DAPP) is negative.
What is the buy/sell signal for DAPP stock?
The buy/sell signal for VANECK DIGITAL TRANSFORMATIO (DAPP) is sell as both the short term and long term trends are negative.