Duck Creek Technologies Inc (DCT) Stock Technical Analysis
USA - NASDAQ:DCT - US2641201064 - Common Stock
Overall DCT 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, DCT is showing a nice and steady performance.
DCT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.98, a Stop Loss order could be placed below this zone.
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18.61
When analyzing the support we notice one important area.
- A support zone ranging from 18.80 to 18.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.06 to 19.20. 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 DCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DCT is up. |
| ChartMill Relative Strength | 95.17 | POSITIVE | DCT has a high relative strength, it outperformed 95.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DCT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.48 | OVERBOUGHT | The high RSI value suggests DCT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.14 | OVERBOUGHT | The high Stochastics value suggests DCT may be overbought. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for DCT suggests low volalility. |
| Average Directional Index/ADX (14) | 38.16 | POSITIVE | The high ADX value value for DCT 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 |
|---|---|---|---|
| 19.05 | 18.87 | 0.19 (0.97%) | 25.00% |
| An entry @19.05. This is a Buy Stop order right above the 10 day high. | An exit @18.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 0.97%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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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Duck Creek Technologies Inc / DCT FAQ
What is the ChartMill technical rating of Duck Creek Technologies Inc (DCT) stock?
ChartMill assigns a technical rating of 7 / 10 to DCT.
What is the trend direction for DCT stock?
The current trend direction for Duck Creek Technologies Inc (DCT) is Bullish.
What is the RSI signal for DCT stock?
Duck Creek Technologies Inc (DCT) has an RSI value of 74.4779. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for Duck Creek Technologies Inc?
The buy/sell signal for Duck Creek Technologies Inc (DCT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Duck Creek Technologies Inc?
Duck Creek Technologies Inc (DCT) has a support level at 18.98 and a resistance level at 19.06. Check the full technical report for our detailed analysis of DCT support and resistance levels.