Doman Building Materials Group Ltd (DBM-NT.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:DBM-NT
We assign a technical rating of 7 out of 10 to DBM-NT. Although DBM-NT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- When compared to the yearly performance of all other stocks, DBM-NT outperforms 62% of them, which is more or less in line with the market.
- DBM-NT is part of the Trading Companies & Distributors industry. There are 12 other stocks in this industry, DBM-NT did better than 45% of them.
- DBM-NT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DBM-NT is lagging the market.
- In the last month DBM-NT has a been trading in a tight range between 98.50 and 100.10.
- Considerably lower volume is observed in the last couple of days.
DBM-NT has an excellent technical rating and also presents a decent setup pattern. 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 99.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 99.89, a Stop Loss order could be placed below this zone.
More info and screens
94.05
When analyzing the support we can see 2 important areas.
- A support zone ranging from 99.20 to 99.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 95.00 to 97.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 99.91 to 100.10. 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 | UP | POSITIVE | The long term trend for DBM-NT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBM-NT.CA is up. |
| ChartMill Relative Strength | 62.19 | NEUTRAL | DBM-NT.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBM-NT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DBM-NT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DBM-NT.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.32 | NEUTRAL | The RSI value for DBM-NT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DBM-NT.CA has a negative trend. |
| Stochastics (14,3) | 53.7 | NEUTRAL | The Stochastics value for DBM-NT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for DBM-NT.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.04 | POSITIVE | The high ADX value value for DBM-NT.CA suggests a strong 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 |
|---|---|---|---|
| 99.91 | 99.82 | 0.09 (0.09%) | 25.00% |
| An entry @99.91. This is a Buy Stop order right above the 10 day high. | An exit @99.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.09%. | For a 0.02% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
Doman Building Materials Group Ltd
TSX:DBM-NT (6/29/2023, 7:00:00 PM)
99.89
0 (0%)
Doman Building Materials Group Ltd / DBM-NT.CA FAQ
Can you provide the ChartMill technical rating for Doman Building Materials Group Ltd?
ChartMill assigns a technical rating of 7 / 10 to DBM-NT.CA.
What is the trend direction for DBM-NT stock?
The current trend direction for Doman Building Materials Group Ltd (DBM-NT.CA) is Bullish.
What is the RSI signal for DBM-NT stock?
Doman Building Materials Group Ltd (DBM-NT.CA) has an RSI value of 57.3209. This indicates that the stock is currently neutral.
What is the buy/sell signal for Doman Building Materials Group Ltd (DBM-NT.CA) stock?
The buy/sell signal for Doman Building Materials Group Ltd (DBM-NT.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Doman Building Materials Group Ltd (DBM-NT.CA) stock?
Doman Building Materials Group Ltd (DBM-NT.CA) has a support level at 99.89 and a resistance level at 99.91. Check the full technical report for our detailed analysis of DBM-NT.CA support and resistance levels.