DAVE INC -CW27 (DAVEW) Stock Technical Analysis
USA - NASDAQ:DAVEW -
Overall DAVEW gets a technical rating of 7 out of 10. Although DAVEW 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.
Although DAVEW 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
0.92
2 important support areas can be observed.
- Support @0.97 from a trend line in the daily time frame.
- A support zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.08 to 1.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.36 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for DAVEW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DAVEW is neutral. |
| ChartMill Relative Strength | 99.76 | POSITIVE | DAVEW has a high relative strength, it outperformed 99.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DAVEW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DAVEW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAVEW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.12 | NEUTRAL | The RSI value for DAVEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DAVEW has a negative trend. |
| Stochastics (14,3) | 25.82 | NEUTRAL | The Stochastics value for DAVEW is a neutral value. |
| Average True Range in percent/ATR (20) | 18.04 | HIGH VOLATILITY | The high ATR as a percentage value for DAVEW suggests high volalility. |
| Average Directional Index/ADX (14) | 11.45 | NEGATIVE | The low ADX value for DAVEW suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 1.30 | 1.07 | 0.23 (17.69%) | 5.65% |
| An entry @1.30. This is a Buy Stop order right above the 10 day moving average. | An exit @1.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 17.69%. | For a 1.00% total portfolio risk, you can invest 5.65% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DAVEW. 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.
0.99
-0.1 (-9.17%)
DAVE INC -CW27 / DAVEW FAQ
What is the technical rating for DAVEW stock?
ChartMill assigns a technical rating of 7 / 10 to DAVEW.
What is the current trend direction of DAVE INC -CW27 (DAVEW) stock?
The current trend direction for DAVE INC -CW27 (DAVEW) is Bearish.
What is the RSI signal for DAVEW stock?
DAVE INC -CW27 (DAVEW) has an RSI value of 44.1169. This indicates that the stock is currently neutral.
What are the support and resistance levels for DAVE INC -CW27 (DAVEW) stock?
DAVE INC -CW27 (DAVEW) has a support level at 1.08 and a resistance level at 1.36. Check the full technical report for our detailed analysis of DAVEW support and resistance levels.