DAVE INC (DAVE) Stock Technical Analysis
USA - NASDAQ:DAVE - US23834J2015 - Common Stock
218.1 USD
-5.17 (-2.32%)
218.1 USD
0 (0%)
Taking everything into account, DAVE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DAVE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about 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 189.00 - 245.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, DAVE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 238.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 212.65, a Stop Loss order could be placed below this zone.
More info and screens
81.05
247.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 211.16 to 212.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 194.64 to 194.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.87 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 238.55 to 245.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 98.46 | POSITIVE | DAVE has a high relative strength, it outperformed 98.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAVE is above the rising 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) | 50.01 | NEUTRAL | The RSI value for DAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests DAVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.45 | NEUTRAL | The Stochastics value for DAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for DAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 10.97 | 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 |
|---|---|---|---|
| 226.26 | 211.15 | 15.11 (6.68%) | 14.97% |
| An entry @226.26. This is a Buy Stop order right above the 10 day moving average. | An exit @211.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 15.11 points, which is 6.68%. | For a 1.00% total portfolio risk, you can invest 14.97% 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.
218.1
-5.17 (-2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-2.32%
1 Week-8.57%
2 Weeks-4.93%
1 Month0.12%
3 Month-12.63%
6 Month157.95%
12 Month418.55%
2 Year3417.74%
3 Year1799.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)13.66
ATR(20)%6.02%
ATR Inc6.86%
Range Today11.66
ADR(20)13
ADR(20)%5.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.46
Mansfield4.83
10 Day High245.5
10 Day Low206.54
20 Day High245.5
20 Day Low189
52 Week High286.45
52 Week Low37.44
CS1 End212.65
CR1 Start238.55
Volume & EV
DER(3)-0.29%
DER(5)0.02%
Volume252.50K
Volume Incr-15.98%
Vol(5)355.94K
Vol(50)528.00K