We assign a technical rating of 4 out of 10 to DEPO. DEPO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
DEPO has an average technical rating and it also 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
6.44
3 important support areas can be observed.
- A support zone ranging from 7.17 to 7.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.91 from a trend line in the daily time frame.
- Support @6.51 from a trend 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 DEPO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DEPO is down. |
| ChartMill Relative Strength | 58.26 | NEUTRAL | DEPO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DEPO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DEPO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DEPO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.23 | NEUTRAL | The RSI value for DEPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests DEPO has a negative trend. |
| Stochastics (14,3) | 11.41 | OVERSOLD | The low Stochastics value suggests DEPO may be oversold. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for DEPO suggests high volalility. |
7.3
+0.12 (+1.67%)
DEPOMED INC / DEPO FAQ
What is the technical rating for DEPO stock?
ChartMill assigns a technical rating of 4 / 10 to DEPO.
What is the current trend direction of DEPOMED INC (DEPO) stock?
The current trend direction for DEPOMED INC (DEPO) is Bearish.
What is the RSI signal for DEPOMED INC (DEPO) stock?
DEPOMED INC (DEPO) has an RSI value of 39.2298. This indicates that the stock is currently neutral.
What is the MACD signal for DEPO stock?
The MACD indicator for DEPOMED INC (DEPO) has a value of -0.218614, indicating a bearish trend.
Can you provide the short term momentum for DEPOMED INC?
The short term momentum for DEPOMED INC (DEPO) is negative.