DAVE INC (DAVE) Stock Technical Analysis
USA - NASDAQ:DAVE - US23834J2015 - Common Stock
218.33 USD
-8.07 (-3.56%)
217.46 USD
-0.87 (-0.4%)
We assign a technical rating of 8 out of 10 to DAVE. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that DAVE is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, DAVE also shows a nice and consistent pattern of rising prices.
DAVE is part of the Consumer Finance industry. There are 55 other stocks in this industry. DAVE outperforms 100% of them.
DAVE 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 DAVE is lagging the market slightly.
In the last month DAVE has a been trading in the 195.00 - 233.19 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, DAVE also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 211.91, a Stop Loss order could be placed below this zone.
More info and screens
112.62
247.97
When analyzing the support we can see 4 important areas.
- A support zone ranging from 209.22 to 211.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @202.72 from a trend line in the daily time frame.
- A support zone ranging from 194.65 to 195.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @113.76 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @218.88 from a trend line in the weekly time frame.
- Resistance @226.87 from a trend line in the daily time frame.
- Resistance @238.55 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 242.57 to 245.51. 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 DAVE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DAVE is neutral. |
| ChartMill Relative Strength | 98.88 | POSITIVE | DAVE has a high relative strength, it outperformed 98.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DAVE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.23 | NEUTRAL | The RSI value for DAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.65 | POSITIVE | The MACD value suggests DAVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.04 | NEUTRAL | The Stochastics value for DAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for DAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 11.61 | NEGATIVE | The low ADX value for DAVE suggests a weak or negative 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 |
|---|---|---|---|
| 218.89 | 209.21 | 9.68 (4.42%) | 22.61% |
| An entry @218.89. This is a Buy Stop order right above the resistance zone. | An exit @209.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.68 points, which is 4.42%. | For a 1.00% total portfolio risk, you can invest 22.61% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DAVE. 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.
218.33
-8.07 (-3.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-3.56%
1 Week-1%
2 Weeks4.96%
1 Month-4.67%
3 Month3.67%
6 Month134.94%
12 Month463.58%
2 Year4042.88%
3 Year2070.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)13.8
ATR(20)%6.34%
ATR Inc67.45%
Range Today24.59
ADR(20)13.42
ADR(20)%6.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.88
3 months CRS59.82
6 months CRS96
Mansfield3.59
10 Day High233.19
10 Day Low195
20 Day High233.19
20 Day Low195
52 Week High286.45
52 Week Low37.44
CS1 End211.91
CR1 Start218.88
Volume & EV
DER(3)-0.56%
DER(5)-0.4%
Volume387.39K
Volume Incr-7.78%
Vol(5)379.64K
Vol(50)411.93K