DIVERSIFIED ENERGY CO (DEC) Technical Analysis
NYSE:DEC • US25520W1071
Current stock price
DEC Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to DEC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DEC is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, DEC did better than 82% of all other stocks.
- DEC has an average volume of 1146350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DEC is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, DEC did better than 56% of them.
- 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.
- In the last month DEC has a been trading in the 14.43 - 18.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
DEC Weekly and Daily overview Charts
DEC Setup Rating and Analysis
Although DEC has an excellent technical rating, it does not offer a high 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
DEC Support and Resistance Analysis
10.99
We found 4 important support areas.
- Support @13.98 from a trend line in the daily time frame.
- Support @12.89 from a trend line in the weekly time frame.
- A support zone ranging from 12.49 to 12.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.10 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.63 to 16.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
DEC Technical Indicator Signal Analysis
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 DEC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DEC is neutral. |
| ChartMill Relative Strength | 82.29 | POSITIVE | DEC has a high relative strength, it outperformed 82.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DEC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.17 | NEUTRAL | The RSI value for DEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests DEC has a negative trend. |
| Stochastics (14,3) | 18.77 | OVERSOLD | The low Stochastics value suggests DEC may be oversold. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for DEC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.39 | NEUTRAL | The ADX value for DEC suggests a possible start of a new trend. |
DEC Chart- and CandleStick Pattern Analysis
DEC Technicals: Chart, Performance Metrics, Trend & Indicators
15.77
-0.39 (-2.41%)
DIVERSIFIED ENERGY CO / DEC TA FAQ
What is the ChartMill technical rating of DIVERSIFIED ENERGY CO (DEC) stock?
ChartMill assigns a technical rating of 9 / 10 to DEC.
What is the trend direction for DEC stock?
The current trend direction for DIVERSIFIED ENERGY CO (DEC) is Bullish.
What is the RSI signal for DIVERSIFIED ENERGY CO (DEC) stock?
DIVERSIFIED ENERGY CO (DEC) has an RSI value of 47.1731. This indicates that the stock is currently neutral.
What is the support and resistance level for DEC stock?
DIVERSIFIED ENERGY CO (DEC) has a support level at 13.98 and a resistance level at 16.63. Check the full technical report for our detailed analysis of DEC support and resistance levels.