DOMAN BUILDING MATERIALS GRO (DBM.CA) Stock Technical Analysis
TSX:DBM - Toronto Stock Exchange - CA25703L1004 - Common Stock - Currency: CAD
Overall DBM gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DBM is showing a nice and steady performance.
Besides having an excellent technical rating, DBM also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 8.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DBM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.52
We found 2 important support areas.
- A support zone ranging from 8.46 to 8.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.59 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @8.74 from a horizontal line in the daily time frame.
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.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBM.CA is up. |
| ChartMill Relative Strength | 76.24 | POSITIVE | DBM.CA has a high relative strength, it outperformed 76.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DBM.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DBM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DBM.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.55 | NEUTRAL | The RSI value for DBM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DBM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.85 | NEUTRAL | The Stochastics value for DBM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for DBM.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.35 | POSITIVE | The high ADX value value for DBM.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 |
|---|---|---|---|
| 8.75 | 8.52 | 0.23 (2.63%) | 25.00% |
| An entry @8.75. This is a Buy Stop order right above the resistance zone. | An exit @8.52. 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 2.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- 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.
TSX:DBM (7/28/2025, 7:00:00 PM)
8.74
-0.04 (-0.46%)