VANECK DIGITAL TRANSFORMATIO (DAPP) Stock Technical Analysis
NASDAQ:DAPP - Nasdaq - US92189H8218 - ETF - Currency: USD
Taking everything into account, DAPP scores 8 out of 10 in our technical rating. DAPP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month DAPP has a been trading in the 10.69 - 15.70 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, DAPP did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
DAPP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DAPP is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DAPP has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
8.99
15.40
3 important support areas can be observed.
- A support zone ranging from 13.13 to 13.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.80 to 12.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.08 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @14.67 from a trend line in the daily time frame.
- A resistance zone ranging from 15.09 to 15.25. 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 DAPP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAPP is up. |
| ChartMill Relative Strength | 90 | POSITIVE | DAPP has a high relative strength, it outperformed 90% 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) | 63.47 | NEUTRAL | The RSI value for DAPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DAPP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.42 | NEUTRAL | The Stochastics value for DAPP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for DAPP suggests high volalility. |
| Average Directional Index/ADX (14) | 33.05 | 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)
14.4
+0.29 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.06%
1 Week6.67%
2 Weeks4.73%
1 Month32.96%
3 Month27.32%
6 Month-28.68%
12 Month29.03%
2 Year111.45%
3 Year229.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%5.37%
ATR Inc-14.71%
Range Today0.68
ADR(20)0.63
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90
Mansfield0.58
10 Day High15.7
10 Day Low12.6
20 Day High15.7
20 Day Low10.69
52 Week High20.71
52 Week Low7.8
CS1 End13.21
CR1 Start14.67
Volume & EV
DER(3)0.65%
DER(5)-0.49%
Volume511.90K
Volume Incr-26.33%
Vol(5)483.06K
Vol(50)477.53K