We assign a technical rating of 10 out of 10 to DC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DC is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DC did better than 97% of all other stocks. On top of that, DC also shows a nice and consistent pattern of rising prices.
- DC is part of the Metals & Mining industry. There are 156 other stocks in this industry. DC outperforms 70% of them.
- DC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- DC 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- DC has an average volume of 1143340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DC 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 support zone below the current price at 5.96, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.92 to 5.96. 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 5.45 to 5.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.28 to 4.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.26 to 6.34. 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 DC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DC is up. |
| ChartMill Relative Strength | 97.16 | POSITIVE | DC has a high relative strength, it outperformed 97.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.55 | NEUTRAL | The RSI value for DC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DC has a positive trend. |
| Stochastics (14,3) | 76.27 | NEUTRAL | The Stochastics value for DC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for DC suggests some volalility. |
| Average Directional Index/ADX (14) | 32.08 | POSITIVE | The high ADX value value for DC 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 |
|---|---|---|---|
| 6.35 | 5.91 | 0.44 (6.93%) | 14.43% |
| An entry @6.35. This is a Buy Stop order right above the resistance zone. | An exit @5.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 6.93%. | For a 1.00% total portfolio risk, you can invest 14.43% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DC. 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.
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DAKOTA GOLD CORP / DC FAQ
Can you provide the ChartMill technical rating for DAKOTA GOLD CORP?
ChartMill assigns a technical rating of 10 / 10 to DC.
What is the trend direction for DC stock?
The current trend direction for DAKOTA GOLD CORP (DC) is Bullish.
What is the RSI signal for DC stock?
DAKOTA GOLD CORP (DC) has an RSI value of 64.5459. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DAKOTA GOLD CORP?
The short term momentum for DAKOTA GOLD CORP (DC) is positive.
Can you provide the buy/sell signal for DAKOTA GOLD CORP?
The buy/sell signal for DAKOTA GOLD CORP (DC) is buy as both the short term and long term trends are positive.