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 7 out of 10. In the last year, DBM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
DBM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that DBM is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
DBM is part of the Trading Companies & Distributors industry. There are 13 other stocks in this industry, DBM did better than 66% of them.
DBM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DBM is lagging the market slightly.
DBM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 8.34. Right above this resistance zone may be a good entry point.
More info and screens
6.46
8.63
We found 3 important support areas.
- A support zone ranging from 8.20 to 8.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.07 to 7.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.53 to 6.63. 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 8.34 to 8.54. 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 DBM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBM.CA is up. |
| ChartMill Relative Strength | 76.51 | POSITIVE | DBM.CA has a high relative strength, it outperformed 76.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBM.CA is above the rising 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) | UP | POSITIVE | The current price of DBM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.32 | NEUTRAL | The RSI value for DBM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests DBM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for DBM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for DBM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 40.25 | POSITIVE | The high ADX value value for DBM.CA suggests a strong 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)
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 |
|---|---|---|---|
| 8.55 | 8.19 | 0.36 (4.21%) | 23.75% |
| An entry @8.55. This is a Buy Stop order right above the resistance zone. | An exit @8.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.36 points, which is 4.21%. | When investing 23.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DBM. 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.
TSX:DBM (5/23/2025, 7:00:00 PM)
8.3
+0.05 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.61%
1 Week-1.66%
2 Weeks16.25%
1 Month22.96%
3 Month10.81%
6 Month-13.36%
12 Month14.33%
2 Year26.72%
3 Year14.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%2.67%
ATR Inc-6.8%
Range Today0.26
ADR(20)0.2
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.51
Mansfield0.6
10 Day High8.59
10 Day Low7.52
20 Day High8.59
20 Day Low6.68
52 Week High9.96
52 Week Low6.3
CS1 End8.29
CR1 Start8.34
Volume & EV
DER(3)-5.63%
DER(5)-8.22%
Volume198.81K
Volume Incr-12.1%
Vol(5)189.39K
Vol(50)243.40K