VANECK DIGITAL TRANSFORMATIO (DAPP) Stock Technical Analysis
NASDAQ:DAPP - Nasdaq - US92189H8218 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to DAPP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DAPP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
DAPP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DAPP is lagging the market slightly.
DAPP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, DAPP did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
DAPP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
9.32
19.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.29 to 18.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.83 to 17.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @18.84 from a trend line 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 DAPP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAPP is up. |
| ChartMill Relative Strength | 93.24 | POSITIVE | DAPP has a high relative strength, it outperformed 93.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAPP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAPP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.48 | NEUTRAL | The RSI value for DAPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests DAPP has a negative trend. |
| Stochastics (14,3) | 57.57 | NEUTRAL | The Stochastics value for DAPP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for DAPP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.88 | POSITIVE | The high ADX value value for DAPP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 18.85 | 18.28 | 0.57 (3.02%) | 25.00% |
| An entry @18.85. This is a Buy Stop order right above the resistance zone. | An exit @18.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.57 points, which is 3.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- The distance between exit and entry is rather small compared to the average daily movement of DAPP. 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.
18.3
-0.34 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.82%
1 Week-2.24%
2 Weeks4.33%
1 Month13.24%
3 Month71.99%
6 Month8.48%
12 Month43.87%
2 Year117.34%
3 Year192.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%4.47%
ATR Inc-33.24%
Range Today0.65
ADR(20)0.74
ADR(20)%4.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.24
Mansfield2.25
10 Day High19.87
10 Day Low17.42
20 Day High19.87
20 Day Low15.62
52 Week High20.71
52 Week Low7.8
CS1 End18.29
CR1 Start18.84
Volume & EV
DER(3)-0.92%
DER(5)-0.65%
Volume368.50K
Volume Incr9.37%
Vol(5)582.24K
Vol(50)583.13K