DAYFORCE INC (DAY) Stock Technical Analysis
NYSE:DAY - New York Stock Exchange, Inc. - US15677J1088 - Common Stock - Currency: USD
Taking everything into account, DAY scores 4 out of 10 in our technical rating. DAY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month DAY has a been trading in the 53.93 - 59.30 range, which is quite wide. It is currently trading near the high of this range.
DAY has an average volume of 1783060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, DAY turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
DAY is part of the Professional Services industry. There are 82 other stocks in this industry, DAY did better than 62% of them.
DAY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DAY is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, DAY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 60.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.88, a Stop Loss order could be placed below this zone.
More info and screens
50.97
61.27
We found 3 important support areas.
- A support zone ranging from 56.36 to 56.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.23 to 54.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 51.48 to 52.23. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 60.20 to 60.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for DAY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAY is up. |
| ChartMill Relative Strength | 54.79 | NEUTRAL | DAY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.23 | NEUTRAL | The RSI value for DAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests DAY has a positive trend. |
| Stochastics (14,3) | 83.03 | OVERBOUGHT | The high Stochastics value suggests DAY may be overbought. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for DAY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.04 | NEGATIVE | The low ADX value for DAY suggests a weak or negative trend. |
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)
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)
59.21
+0.82 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg1.4%
1 Week7.01%
2 Weeks0.25%
1 Month2.53%
3 Month2.42%
6 Month-16.63%
12 Month13.63%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.65
ATR(20)%2.87%
ATR Inc-6.52%
Range Today1.45
ADR(20)1.62
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.79
Mansfield-1.36
10 Day High59.3
10 Day Low53.93
20 Day High59.3
20 Day Low53.93
52 Week High82.69
52 Week Low48.01
CS1 End56.88
CR1 Start60.2
Volume & EV
DER(3)-4.27%
DER(5)-3.66%
Volume1.30M
Volume Incr-27.74%
Vol(5)1.26M
Vol(50)1.78M