We assign a technical rating of 4 out of 10 to DAVE. Although DAVE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
DAVE has an average technical rating and it also does not offer a high 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.
119.96
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice 3 important areas.
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 | NEUTRAL | NEUTRAL | The short term trend for DAVE is neutral. |
| ChartMill Relative Strength | 94.42 | POSITIVE | DAVE has a high relative strength, it outperformed 94.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DAVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DAVE is below 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) | 51.42 | NEUTRAL | The RSI value for DAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests DAVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.01 | NEUTRAL | The Stochastics value for DAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.26 | HIGH VOLATILITY | The high ATR as a percentage value for DAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 15 | NEGATIVE | The low ADX value for DAVE suggests a weak or negative trend. |
218.26
+5.13 (+2.41%)
ChartMill assigns a technical rating of 4 / 10 to DAVE.
The current trend direction for DAVE INC (DAVE) is Bearish.
DAVE INC (DAVE) has an RSI value of 51.4228. This indicates that the stock is currently neutral.
The MACD indicator for DAVE INC (DAVE) has a value of -0.192666, indicating a bearish trend.