DINGDONG CAYMAN LTD -SPN ADR (DDL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DDL • US25445D1019
We assign a technical rating of 9 out of 10 to DDL. Both in the recent history as in the last year, DDL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- DDL is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry. DDL outperforms 72% of them.
- DDL has an average volume of 1548070 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 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- 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.
- In the last month DDL has a been trading in the 2.47 - 3.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DDL 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 very little resistance above the current price. There is a support zone below the current price at 2.83, a Stop Loss order could be placed below this zone.
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1.70
We found 4 important support areas.
- A support zone ranging from 2.79 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.70 from a trend line in the daily time frame.
- 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.
2 important resistance areas can be observed.
- Resistance @2.89 from a trend line in the weekly time frame.
- 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 | UP | POSITIVE | The short term trend for DDL is up. |
| ChartMill Relative Strength | 81.41 | POSITIVE | DDL has a high relative strength, it outperformed 81.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DDL is above 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) | UP | POSITIVE | The current price of DDL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.95 | NEUTRAL | The RSI value for DDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DDL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.17 | NEUTRAL | The Stochastics value for DDL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.38 | HIGH VOLATILITY | The high ATR as a percentage value for DDL suggests high volalility. |
| Average Directional Index/ADX (14) | 39.31 | POSITIVE | The high ADX value value for DDL 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 |
|---|---|---|---|
| 2.90 | 2.78 | 0.12 (4.14%) | 24.17% |
| An entry @2.90. This is a Buy Stop order right above the resistance zone. | An exit @2.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 4.14%. | When investing 24.17% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DDL. 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.
2.86
-0.02 (-0.69%)
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 9 / 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 56.952. 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 positive.
What is the support and resistance level for DDL stock?
DINGDONG CAYMAN LTD -SPN ADR (DDL) has a support level at 2.83 and a resistance level at 2.89. Check the full technical report for our detailed analysis of DDL support and resistance levels.