Duck Creek Technologies Inc (DCT) Stock Technical Analysis
NASDAQ:DCT • US2641201064
Taking everything into account, DCT scores 8 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- DCT is part of the Software industry. There are 274 other stocks in this industry. DCT outperforms 97% of them.
- DCT 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.
- DCT has an average volume of 1592010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DCT is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month DCT has a been trading in a tight range between 18.76 and 19.04.
- Considerably lower volume is observed in the last couple of days.
DCT 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 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.
More info and screens
18.61
We found 1 important support 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.
We found 1 important resistance 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 worst case loss on the trade is limited to 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.
18.99
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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.
Can you provide the trend direction for Duck Creek Technologies Inc?
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.
What is the MACD signal for DCT stock?
The MACD indicator for Duck Creek Technologies Inc (DCT) has a value of -0.0393183, indicating a bearish trend.
What is the short term momentum for DCT stock?
The short term momentum for Duck Creek Technologies Inc (DCT) is positive.