ENDAVA PLC- SPON ADR (DAVA) Stock Technical Analysis
NYSE:DAVA • US29260V1052
We assign a technical rating of 0 out of 10 to DAVA. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than DAVA.
- DAVA is one of the lesser performing stocks in the IT Services industry. 81% of 87 stocks in the same industry do better.
- DAVA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month DAVA has a been trading in the 4.47 - 6.90 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.
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.
More info and screens
4.49
4 important resistance areas can be observed.
- Resistance @5.24 from a trend line in the weekly time frame.
- Resistance @5.38 from a trend line in the daily time frame.
- A resistance zone ranging from 5.97 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.01 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for DAVA is down. |
| ChartMill Relative Strength | 4.33 | NEGATIVE | DAVA has a low relative strength, it was outperformed by 95.67% 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) | 27.05 | OVERSOLD | The low RSI value suggests DAVA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests DAVA has a negative trend. |
| Stochastics (14,3) | 5.47 | OVERSOLD | The low Stochastics value suggests DAVA may be oversold. |
| Average True Range in percent/ATR (20) | 8.74 | HIGH VOLATILITY | The high ATR as a percentage value for DAVA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.67 | POSITIVE | The high ADX value value for DAVA suggests a strong trend. |
4.54
-0.02 (-0.44%)
ENDAVA PLC- SPON ADR / DAVA FAQ
What is the technical rating for DAVA stock?
ChartMill assigns a technical rating of 0 / 10 to DAVA.
What is the current trend direction of ENDAVA PLC- SPON ADR (DAVA) stock?
The current trend direction for ENDAVA PLC- SPON ADR (DAVA) is Bearish.
What is the RSI signal for DAVA stock?
ENDAVA PLC- SPON ADR (DAVA) has an RSI value of 27.054. This indicates that the stock is currently oversold.
What is the short term momentum for DAVA stock?
The short term momentum for ENDAVA PLC- SPON ADR (DAVA) is negative.
What is the support and resistance level for DAVA stock?
ENDAVA PLC- SPON ADR (DAVA) has a resistance level at 5.24. Check the full technical report for our detailed analysis of DAVA support and resistance levels.