DIVERSIFIED ENERGY CO (DEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DEC - US25520W1071 - Common Stock
We assign a technical rating of 0 out of 10 to DEC. DEC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 82% of all other stocks performed better in the past year than DEC.
- DEC is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 71% of 208 stocks in the same industry do better.
- In the last month DEC has a been trading in the 12.41 - 14.85 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 long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- DEC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DEC is lagging the market.
The technical rating of DEC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.07
We found 2 important support areas.
- Support @12.43 from a horizontal line in the weekly time frame.
- Support @11.18 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 14.28 to 14.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 15.54 to 15.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.25 from a trend line in the weekly time frame.
- Resistance @16.90 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 | NEUTRAL | NEUTRAL | The long term trend for DEC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DEC is down. |
| ChartMill Relative Strength | 18.16 | NEGATIVE | DEC has a low relative strength, it was outperformed by 81.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DEC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DEC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.45 | NEUTRAL | The RSI value for DEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests DEC has a negative trend. |
| Stochastics (14,3) | 12.53 | OVERSOLD | The low Stochastics value suggests DEC may be oversold. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for DEC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.91 | NEGATIVE | The low ADX value for DEC suggests a weak or negative trend. |
12.44
-0.62 (-4.75%)
DIVERSIFIED ENERGY CO / DEC FAQ
What is the ChartMill technical rating of DIVERSIFIED ENERGY CO (DEC) stock?
ChartMill assigns a technical rating of 0 / 10 to DEC.
What is the current trend direction of DIVERSIFIED ENERGY CO (DEC) stock?
The current trend direction for DIVERSIFIED ENERGY CO (DEC) is Bearish.
What is the RSI signal for DEC stock?
DIVERSIFIED ENERGY CO (DEC) has an RSI value of 34.4501. This indicates that the stock is currently neutral.
What is the MACD signal for DIVERSIFIED ENERGY CO (DEC) stock?
The MACD indicator for DIVERSIFIED ENERGY CO (DEC) has a value of -0.171236, indicating a bearish trend.
What is the support and resistance level for DEC stock?
DIVERSIFIED ENERGY CO (DEC) has a support level at 12.43 and a resistance level at 14.28. Check the full technical report for our detailed analysis of DEC support and resistance levels.