DIVERSIFIED ENERGY CO (DEC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DEC • US25520W1071
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, DEC is a bad performer in the overall market: 81% of all stocks are doing better.
- DEC is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 80% are performing better than DEC.
- In the last month DEC has a been trading in the 12.35 - 14.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- 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.
Although the technical rating is bad, DEC does present a nice setup opportunity. 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 13.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.57, a Stop Loss order could be placed below this zone.
More info and screens
11.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.43 to 12.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.18 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 13.40 to 13.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.38 to 15.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.74 from a horizontal line in the daily time frame.
- Resistance @16.20 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 | DOWN | NEGATIVE | The long term trend for DEC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DEC is down. |
| ChartMill Relative Strength | 19.66 | NEGATIVE | DEC has a low relative strength, it was outperformed by 80.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DEC is above 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) | UP | MIXED | The current price of DEC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.89 | NEUTRAL | The RSI value for DEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DEC has a positive trend. |
| Stochastics (14,3) | 64.8 | NEUTRAL | The Stochastics value for DEC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for DEC suggests some volalility. |
| Average Directional Index/ADX (14) | 9.33 | NEGATIVE | The low ADX value for DEC suggests a weak or negative trend. |
13.15
+0.16 (+1.23%)
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 46.8881. 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 0.0671519, indicating a bearish trend.
What is the support and resistance level for DEC stock?
DIVERSIFIED ENERGY CO (DEC) has a support level at 12.57 and a resistance level at 13.4. Check the full technical report for our detailed analysis of DEC support and resistance levels.