ENDAVA PLC- SPON ADR (DAVA) Stock Technical Analysis
USA - NYSE:DAVA - US29260V1052 - ADR
We assign a technical rating of 2 out of 10 to DAVA. Recently some decent action could be observed, but in the medium term time frame this is still negative. DAVA was also a bad performer in the overall market in the last year.
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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8.22
When analyzing the support we notice one important area.
- A support zone ranging from 8.30 to 8.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.66 to 9.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.00 from a trend line in the daily time frame.
- Resistance @13.03 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 | DOWN | NEGATIVE | The long term trend for DAVA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAVA is up. |
| ChartMill Relative Strength | 4.6 | NEGATIVE | DAVA has a low relative strength, it was outperformed by 95.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAVA is above the rising 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) | 56.52 | NEUTRAL | The RSI value for DAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests DAVA has a positive trend. |
| Stochastics (14,3) | 92.99 | OVERBOUGHT | The high Stochastics value suggests DAVA may be overbought. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for DAVA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.27 | POSITIVE | The high ADX value value for DAVA suggests a strong trend. |
9.65
+0.02 (+0.21%)
ENDAVA PLC- SPON ADR / DAVA FAQ
What is the technical rating for DAVA stock?
ChartMill assigns a technical rating of 2 / 10 to DAVA.
Can you provide the trend direction for ENDAVA PLC- SPON ADR?
The current trend direction for ENDAVA PLC- SPON ADR (DAVA) is Bearish.
What is the RSI signal for ENDAVA PLC- SPON ADR (DAVA) stock?
ENDAVA PLC- SPON ADR (DAVA) has an RSI value of 56.5155. This indicates that the stock is currently neutral.
What is the MACD signal for ENDAVA PLC- SPON ADR (DAVA) stock?
The MACD indicator for ENDAVA PLC- SPON ADR (DAVA) has a value of 0.221625, indicating a bearish trend.
Can you provide the support and resistance levels for ENDAVA PLC- SPON ADR?
ENDAVA PLC- SPON ADR (DAVA) has a support level at 8.3 and a resistance level at 9.66. Check the full technical report for our detailed analysis of DAVA support and resistance levels.