DAVA Technical Analysis - ENDAVA PLC- SPON ADR

Technical Rating and Analysis

Taking everything into account, DAVA scores 0 out of 10 in our technical rating. DAVA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

98% of all other stocks performed better in the past year than DAVA.

DAVA is part of the IT Services industry. There are 87 other stocks in this industry, of which 82% are performing better than DAVA.

DAVA is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month DAVA has a been trading in the 8.80 - 14.99 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

DAVA has an average volume of 1161240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ENDAVA PLC- SPON ADR / DAVA Weekly stock chart

ENDAVA PLC- SPON ADR / DAVA Daily stock chart

Setup Rating and Analysis

The technical rating of DAVA is bad and it also does not present a quality setup 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

8.71

13.19

2 important resistance areas can be observed.

A resistance zone ranging from 12.06 to 12.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @13.06 from a trend line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for DAVA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DAVA is down.
ChartMill Relative Strength	2.07	NEGATIVE	DAVA has a low relative strength, it was outperformed by 97.93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DAVA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DAVA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DAVA is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.06	NEUTRAL	The RSI value for DAVA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests DAVA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9	OVERSOLD	The low Stochastics value suggests DAVA may be oversold.
Average True Range in percent/ATR (20)	7.53	HIGH VOLATILITY	The high ATR as a percentage value for DAVA suggests high volalility.
Average Directional Index/ADX (14)	35.75	POSITIVE	The high ADX value value for DAVA suggests a strong trend.