DAVE INC -CW27 (DAVEW)

0.0556  +0.01 (+11.2%)

Technical Rating and Analysis

8

Taking everything into account, DAVEW scores 8 out of 10 in our technical rating. DAVEW has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, we notice that DAVEW is one of the better performing stocks in the market, outperforming 97% of all stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
DAVEW 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 DAVEW is lagging the market slightly.
In the last month DAVEW has a been trading in the 0.03 - 0.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
DAVEW Weekly chart
DAVEW Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, DAVEW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.07. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for DAVEW in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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Support and Resistance Analysis

0.03

0.07

We found 3 important support areas.

  • A support zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @0.04 from a trend line in the daily time frame.
  • Support @0.03 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.31
Mansfield6.13
10 Day High0.07
10 Day Low0.04
20 Day High0.07
20 Day Low0.03
52 Week High0.11
52 Week Low0.01
Performance
1 Week-7.18%
2 Weeks4.91%
1 Month11.2%
3 Month85.95%
6 Month179.4%
12 Month93.06%
2 Year-78.62%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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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)

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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)
Technical Indicators
MACD(12,26,9)0
RSI(14)51.72
LBB0.04
UBB0.07

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
0.070.040.03 (39.80%)2.51%
An entry @0.07. This is a Buy Stop order right above the 10 day moving average.An exit @0.04. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.03 points, which is 39.80%.When investing 2.51% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.

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DAVEW Daily chart

DAVE INC -CW27

NASDAQ:DAVEW (5/3/2024, 7:00:01 PM)

0.0556

+0.01 (+11.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg11.2%
1 Week-7.18%
2 Weeks4.91%
1 Month11.2%
3 Month85.95%
6 Month179.4%
12 Month93.06%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.01
ATR(20)%20.84%
ATR Inc
Range Today0
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.07
10 Day Low0.04
20 Day High0.07
20 Day Low0.03
52 Week High0.11
52 Week Low0.01
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.40K
Volume Incr26.07%
Vol(5)25.68K
Vol(50)39.09K