DAYFORCE INC (DAY) Stock Technical Analysis
USA - NYSE:DAY - US15677J1088 - Common Stock
We assign a technical rating of 6 out of 10 to DAY. Although DAY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, DAY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 68.27, a Stop Loss order could be placed below this zone.
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48.84
We found 3 important support areas.
- A support zone ranging from 68.11 to 68.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.49 from a horizontal line in the weekly time frame.
- Support @49.33 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 68.41 to 69.77. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for DAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAY is up. |
| ChartMill Relative Strength | 71.06 | POSITIVE | DAY has a high relative strength, it outperformed 71.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DAY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DAY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DAY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.33 | NEUTRAL | The RSI value for DAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DAY has a negative trend. |
| Stochastics (14,3) | 33.02 | NEUTRAL | The Stochastics value for DAY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for DAY suggests low volalility. |
| Average Directional Index/ADX (14) | 13.22 | NEGATIVE | The low ADX value for DAY 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 |
|---|---|---|---|
| 68.52 | 68.29 | 0.23 (0.34%) | 25.00% |
| An entry @68.52. This is a Buy Stop order right above the 10 day moving average. | An exit @68.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 0.34%. | For a 0.08% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DAY. 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.
68.35
-0.17 (-0.25%)
DAYFORCE INC / DAY FAQ
Can you provide the ChartMill technical rating for DAYFORCE INC?
ChartMill assigns a technical rating of 6 / 10 to DAY.
What is the trend direction for DAY stock?
The current trend direction for DAYFORCE INC (DAY) is Bullish.
What is the RSI signal for DAYFORCE INC (DAY) stock?
DAYFORCE INC (DAY) has an RSI value of 49.3252. This indicates that the stock is currently neutral.
What is the MACD signal for DAY stock?
The MACD indicator for DAYFORCE INC (DAY) has a value of -0.0493842, indicating a bearish trend.
What is the short term momentum for DAY stock?
The short term momentum for DAYFORCE INC (DAY) is positive.