DINGDONG CAYMAN LTD -SPN ADR (DDL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DDL - US25445D1019 - ADR
Taking everything into account, DDL scores 7 out of 10 in our technical rating. Although DDL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- In the last month DDL has a been trading in the 2.40 - 3.41 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- DDL is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 70% of 38 stocks in the same industry.
- DDL has an average volume of 1446940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, DDL did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- DDL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DDL is lagging the market.
Besides having an excellent technical rating, DDL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.70
2 important support areas can be observed.
- A support zone ranging from 2.60 to 2.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.72 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @2.98 from a horizontal 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 | UP | POSITIVE | The long term trend for DDL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DDL is neutral. |
| ChartMill Relative Strength | 74.55 | POSITIVE | DDL has a high relative strength, it outperformed 74.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DDL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DDL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DDL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.96 | NEUTRAL | The RSI value for DDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DDL has a negative trend. |
| Stochastics (14,3) | 33.62 | NEUTRAL | The Stochastics value for DDL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.76 | HIGH VOLATILITY | The high ATR as a percentage value for DDL suggests high volalility. |
| Average Directional Index/ADX (14) | 43.91 | POSITIVE | The high ADX value value for DDL suggests a strong trend. |
2.69
+0.08 (+3.07%)
DINGDONG CAYMAN LTD -SPN ADR / DDL FAQ
What is the ChartMill technical rating of DINGDONG CAYMAN LTD -SPN ADR (DDL) stock?
ChartMill assigns a technical rating of 7 / 10 to DDL.
Can you provide the trend direction for DINGDONG CAYMAN LTD -SPN ADR?
The current trend direction for DINGDONG CAYMAN LTD -SPN ADR (DDL) is Bullish.
Can you provide the RSI signal for DINGDONG CAYMAN LTD -SPN ADR?
DINGDONG CAYMAN LTD -SPN ADR (DDL) has an RSI value of 52.9613. This indicates that the stock is currently neutral.
What is the short term momentum for DDL stock?
The short term momentum for DINGDONG CAYMAN LTD -SPN ADR (DDL) is neutral.
What is the support and resistance level for DDL stock?
DINGDONG CAYMAN LTD -SPN ADR (DDL) has a support level at 2.6 and a resistance level at 2.98. Check the full technical report for our detailed analysis of DDL support and resistance levels.