DAVE INC (DAVE) Technical Analysis
NASDAQ:DAVE • US23834J2015
We assign a technical rating of 7 out of 10 to DAVE. In the last year, DAVE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- DAVE is part of the Consumer Finance industry. There are 54 other stocks in this industry. DAVE outperforms 100% of them.
- In the last month DAVE has a been trading in the 161.62 - 227.69 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, DAVE did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- DAVE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DAVE is lagging the market slightly.
Although DAVE has an excellent technical rating, the quality of the presented setup is not ideal 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
174.88
We found 3 important support areas.
- A support zone ranging from 212.01 to 212.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 194.36 to 199.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 176.65 to 177.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 225.20 to 225.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @239.36 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for DAVE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAVE is up. |
| ChartMill Relative Strength | 95.71 | POSITIVE | DAVE has a high relative strength, it outperformed 95.71% 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) | DOWN | MIXED | The current price of DAVE is above a declining 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) | 58.82 | NEUTRAL | The RSI value for DAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.63 | POSITIVE | The MACD value suggests DAVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.39 | OVERBOUGHT | The high Stochastics value suggests DAVE may be overbought. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for DAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.77 | NEUTRAL | The ADX value for DAVE suggests a possible start of a new trend. |
DAVE Technicals: Chart, Performance Metrics, Trend & Indicators
212.02
-0.83 (-0.39%)
DAVE INC / DAVE FAQ
What is the technical rating for DAVE stock?
ChartMill assigns a technical rating of 7 / 10 to DAVE.
What is the trend direction for DAVE stock?
The current trend direction for DAVE INC (DAVE) is Bearish.
Can you provide the RSI signal for DAVE INC?
DAVE INC (DAVE) has an RSI value of 58.8206. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DAVE INC?
The MACD indicator for DAVE INC (DAVE) has a value of 2.6269, indicating a bullish trend.
What are the support and resistance levels for DAVE INC (DAVE) stock?
DAVE INC (DAVE) has a support level at 212.01 and a resistance level at 225.2. Check the full technical report for our detailed analysis of DAVE support and resistance levels.