DEPOMED INC (DEPO) Technical Analysis
NASDAQ:DEPO • US2499081048
Current stock price
DEPO Technical Rating and Analysis
Overall DEPO gets a technical rating of 4 out of 10. 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.
- In the last month DEPO has a been trading in the 6.92 - 9.48 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- DEPO has an average volume of 1341650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, DEPO turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- DEPO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DEPO is lagging the market.
DEPO Weekly and Daily overview Charts
DEPO Setup Rating and Analysis
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
DEPO Support and Resistance Analysis
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.
DEPO 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 | 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. |
DEPO Chart- and CandleStick Pattern Analysis
DEPO Technicals: Chart, Performance Metrics, Trend & Indicators
7.3
+0.12 (+1.67%)
DEPOMED INC / DEPO TA 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.
Can you provide the RSI signal for DEPOMED INC?
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 support and resistance levels for DEPOMED INC?
DEPOMED INC (DEPO) has a support level at 7.21. Check the full technical report for our detailed analysis of DEPO support and resistance levels.