We assign a technical rating of 6 out of 10 to DERM. In the last year, DERM was one of the better performers, but we do observe some doubts in the very recent evolution.
DERM 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.
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4.00
5 important support areas can be observed.
- A support zone ranging from 7.64 to 7.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.41 to 7.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.28 from a trend line in the daily time frame.
- A support zone ranging from 6.89 to 6.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.84 to 7.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 DERM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DERM is neutral. |
| ChartMill Relative Strength | 86.41 | POSITIVE | DERM has a high relative strength, it outperformed 86.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DERM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DERM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DERM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.04 | NEUTRAL | The RSI value for DERM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests DERM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.85 | NEUTRAL | The Stochastics value for DERM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for DERM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for DERM suggests a strong trend. |
7.83
-0.03 (-0.38%)
JOURNEY MEDICAL CORP / DERM FAQ
What is the ChartMill technical rating of JOURNEY MEDICAL CORP (DERM) stock?
ChartMill assigns a technical rating of 6 / 10 to DERM.
What is the trend direction for DERM stock?
The current trend direction for JOURNEY MEDICAL CORP (DERM) is Bullish.
What is the RSI signal for DERM stock?
JOURNEY MEDICAL CORP (DERM) has an RSI value of 48.0446. This indicates that the stock is currently neutral.
What is the short term momentum for DERM stock?
The short term momentum for JOURNEY MEDICAL CORP (DERM) is neutral.
What is the support and resistance level for DERM stock?
JOURNEY MEDICAL CORP (DERM) has a support level at 7.73 and a resistance level at 7.84. Check the full technical report for our detailed analysis of DERM support and resistance levels.