DIVERSIFIED ENERGY CO (DEC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DEC - US25520W1071 - Common Stock
Taking everything into account, DEC scores 6 out of 10 in our technical rating. DEC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, DEC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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11.07
We found 4 important support areas.
- A support zone ranging from 14.30 to 14.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.94 to 12.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.61 from a horizontal line in the weekly time frame.
- Support @11.18 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 14.84 to 15.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 16.60 to 16.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for DEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DEC is up. |
| ChartMill Relative Strength | 37.8 | NEUTRAL | DEC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DEC is above 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) | DOWN | MIXED | The current price of DEC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.42 | NEUTRAL | The RSI value for DEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DEC has a negative trend. |
| Stochastics (14,3) | 44.02 | NEUTRAL | The Stochastics value for DEC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for DEC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.97 | POSITIVE | The high ADX value value for DEC 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 |
|---|---|---|---|
| 15.23 | 14.29 | 0.94 (6.17%) | 16.20% |
| An entry @15.23. This is a Buy Stop order right above the resistance zone. | An exit @14.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 6.17%. | For a 1.00% total portfolio risk, you can invest 16.20% of your capital in this trade. |
- 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.
14.79
+0.1 (+0.68%)
DIVERSIFIED ENERGY CO / DEC FAQ
What is the ChartMill technical rating of DIVERSIFIED ENERGY CO (DEC) stock?
ChartMill assigns a technical rating of 6 / 10 to DEC.
Can you provide the trend direction for DIVERSIFIED ENERGY CO?
The current trend direction for DIVERSIFIED ENERGY CO (DEC) is Bullish.
What is the RSI signal for DEC stock?
DIVERSIFIED ENERGY CO (DEC) has an RSI value of 56.4219. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for DIVERSIFIED ENERGY CO?
The buy/sell signal for DIVERSIFIED ENERGY CO (DEC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for DEC stock?
DIVERSIFIED ENERGY CO (DEC) has a support level at 14.33 and a resistance level at 14.84. Check the full technical report for our detailed analysis of DEC support and resistance levels.