Taking everything into account, DERM scores 6 out of 10 in our technical rating. DERM was one of the better performers 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 DERM has a been trading in the 7.50 - 9.55 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, DERM did better than 84% of all other stocks. On top of that, DERM also shows a nice and consistent pattern of rising prices.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- DERM is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, DERM did better than 67% of them.
- DERM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DERM is lagging the market.
DERM has only a medium technical rating, but it does show a decent setup pattern. 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 8.32. Right above this resistance zone may be a good entry point.
More info and screens
6.82
We found 3 important support areas.
- Support @7.62 from a trend line in the weekly time frame.
- A support zone ranging from 7.26 to 7.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.89 to 6.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.32 to 8.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.12 to 9.19. 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 | NEUTRAL | NEUTRAL | The long term trend for DERM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DERM is neutral. |
| ChartMill Relative Strength | 84.1 | POSITIVE | DERM has a high relative strength, it outperformed 84.1% 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) | DOWN | NEGATIVE | The current price of DERM is below a declining 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) | 45.42 | NEUTRAL | The RSI value for DERM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests DERM has a negative trend. |
| Stochastics (14,3) | 26.43 | NEUTRAL | The Stochastics value for DERM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.11 | HIGH VOLATILITY | The high ATR as a percentage value for DERM suggests high volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for DERM suggests a possible start of a new 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 |
|---|---|---|---|
| 8.61 | 7.61 | 1.00 (11.61%) | 8.61% |
| An entry @8.61. This is a Buy Stop order right above the resistance zone. | An exit @7.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.00 points, which is 11.61%. | When investing 8.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
7.99
-0.11 (-1.36%)
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.
Can you provide the trend direction for JOURNEY MEDICAL CORP?
The current trend direction for JOURNEY MEDICAL CORP (DERM) is Bearish.
What is the RSI signal for DERM stock?
JOURNEY MEDICAL CORP (DERM) has an RSI value of 45.4214. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for JOURNEY MEDICAL CORP?
JOURNEY MEDICAL CORP (DERM) has a support level at 7.62 and a resistance level at 8.32. Check the full technical report for our detailed analysis of DERM support and resistance levels.