Taking everything into account, DAVEW scores 5 out of 10 in our technical rating. 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.
DAVEW 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.
More info and screens
0.69
We found 1 important support area.
- Support @0.70 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.01 to 1.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.09 from a trend line in the daily time frame.
- Resistance @1.44 from a horizontal 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 | 99.53 | POSITIVE | DAVEW has a high relative strength, it outperformed 99.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAVEW is above 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 | MIXED | The current price of DAVEW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.48 | NEUTRAL | The RSI value for DAVEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests DAVEW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for DAVEW is a neutral value. |
| Average True Range in percent/ATR (20) | 9.81 | HIGH VOLATILITY | The high ATR as a percentage value for DAVEW suggests high volalility. |
| Average Directional Index/ADX (14) | 16.63 | NEGATIVE | The low ADX value for DAVEW suggests a weak or negative trend. |
0.94
-0.04 (-4.08%)
DAVE INC -CW27 / DAVEW FAQ
What is the technical rating for DAVEW stock?
ChartMill assigns a technical rating of 5 / 10 to DAVEW.
What is the trend direction for 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 52.4817. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DAVE INC -CW27?
The MACD indicator for DAVE INC -CW27 (DAVEW) has a value of 0.0359121, indicating a bearish trend.