DBI Technical Analysis - DESIGNER BRANDS INC-CLASS A

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to DBI. DBI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, DBI is a bad performer in the overall market: 86% of all stocks are doing better.

DBI is part of the Specialty Retail industry. There are 122 other stocks in this industry, of which 65% are performing better than DBI.

In the last month DBI has a been trading in the 3.57 - 4.96 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

DBI has an average volume of 1080900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

DBI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DBI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DESIGNER BRANDS INC-CLASS A / DBI Weekly stock chart

DESIGNER BRANDS INC-CLASS A / DBI Daily stock chart

Setup Rating and Analysis

The technical rating of DBI is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.94

4.66

When analyzing the support we notice one important area.

Support @2.97 from a trend line in the daily time frame.

2 important resistance areas can be observed.

Resistance @4.39 from a trend line in the weekly time frame.
A resistance zone ranging from 4.60 to 4.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 DBI is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DBI is down.
ChartMill Relative Strength	14.4	NEGATIVE	DBI has a low relative strength, it was outperformed by 85.6% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DBI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of DBI is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DBI is below a declining SMA(200).
Relative Strength Index/RSI (14)	41.39	NEUTRAL	The RSI value for DBI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests DBI has a negative trend.
Stochastics (14,3)	6.06	OVERSOLD	The low Stochastics value suggests DBI may be oversold.
Average True Range in percent/ATR (20)	9.07	HIGH VOLATILITY	The high ATR as a percentage value for DBI suggests high volalility.
Average Directional Index/ADX (14)	26.84	POSITIVE	The high ADX value value for DBI suggests a strong trend.