DOCEBO INC (DCBO) Stock Technical Analysis
NASDAQ:DCBO - Nasdaq - CA25609L1058 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to DCBO. In the past year, DCBO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, DCBO is a bad performer in the overall market: 89% of all stocks are doing better.
DCBO is part of the Software industry. There are 282 other stocks in this industry, of which 76% are performing better than DCBO.
DCBO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DCBO has a been trading in the 26.08 - 29.61 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
DCBO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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 29.44. Right above this resistance zone may be a good entry point.
More info and screens
25.59
49.62
When analyzing the support we notice one important area.
- A support zone ranging from 25.85 to 26.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 29.44 to 29.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.13 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for DCBO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DCBO is up. |
| ChartMill Relative Strength | 11.17 | NEGATIVE | DCBO has a low relative strength, it was outperformed by 88.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DCBO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DCBO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DCBO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.08 | NEUTRAL | The RSI value for DCBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests DCBO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.72 | OVERBOUGHT | The high Stochastics value suggests DCBO may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for DCBO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for DCBO suggests a weak or negative 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)
28.42
-0.66 (-2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.27%
1 Week-3.46%
2 Weeks2.08%
1 Month2.9%
3 Month-4.57%
6 Month-32.69%
12 Month-25.82%
2 Year-26.01%
3 Year-9.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%2.61%
ATR Inc7.58%
Range Today0.73
ADR(20)0.7
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.17
Mansfield-3.1
10 Day High29.61
10 Day Low27.69
20 Day High29.61
20 Day Low26.08
52 Week High53.86
52 Week Low25.5
CS1 End26.19
CR1 Start29.44
Volume & EV
DER(3)-0.13%
DER(5)0.43%
Volume68.30K
Volume Incr-27.75%
Vol(5)56.56K
Vol(50)102.39K