DBM Technical Analysis - DOMAN BUILDING MATERIALS GRO

Technical Rating and Analysis

Taking everything into account, DBM scores 1 out of 10 in our technical rating. DBM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, DBM is a bad performer in the overall market: 79% of all stocks are doing better.

DBM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

DBM is an average performer in the Trading Companies & Distributors industry, it outperforms 63% of 12 stocks in the same industry.

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

DOMAN BUILDING MATERIALS GRO / DBM Weekly stock chart

DOMAN BUILDING MATERIALS GRO / DBM Daily stock chart

Setup Rating and Analysis

DBM has a poor technical rating and the quality of the setup is also only medium 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

6.63

10.10

We found 2 important support areas.

A support zone ranging from 8.50 to 8.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @6.70 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

Resistance @9.79 from a horizontal line in the daily time frame.
A resistance zone ranging from 10.00 to 10.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 DBM.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DBM.CA is down.
ChartMill Relative Strength	21.31	NEGATIVE	DBM.CA has a low relative strength, it was outperformed by 78.69% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DBM.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of DBM.CA is below 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)	35.28	NEUTRAL	The RSI value for DBM.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests DBM.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	25.34	NEUTRAL	The Stochastics value for DBM.CA is a neutral value.
Average True Range in percent/ATR (20)	2.21	MEDIUM VOLATILITY	The ATR as a percentage value for DBM.CA suggests some volalility.
Average Directional Index/ADX (14)	43.76	POSITIVE	The high ADX value value for DBM.CA suggests a strong trend.