We assign a technical rating of 9 out of 10 to DERM. Both in the recent history as in the last year, DERM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, DERM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.86, a Stop Loss order could be placed below this zone.
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4.02
We found 4 important support areas.
- A support zone ranging from 7.73 to 7.86. 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.
- 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 @4.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @8.21 from a horizontal line in the daily 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 DERM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DERM is neutral. |
| ChartMill Relative Strength | 90.79 | POSITIVE | DERM has a high relative strength, it outperformed 90.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DERM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DERM is below 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) | 50.16 | NEUTRAL | The RSI value for DERM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DERM has a positive trend. |
| Stochastics (14,3) | 46.03 | NEUTRAL | The Stochastics value for DERM is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | HIGH VOLATILITY | The high ATR as a percentage value for DERM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.81 | NEGATIVE | The low ADX value for DERM suggests a weak or negative 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 |
|---|---|---|---|
| 8.22 | 7.72 | 0.50 (6.08%) | 16.44% |
| An entry @8.22. This is a Buy Stop order right above the resistance zone. | An exit @7.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 6.08%. | For a 1.00% total portfolio risk, you can invest 16.44% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DERM. Please evaluate whether better entry and exit points can be found.
- 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.
7.87
-0.05 (-0.63%)
JOURNEY MEDICAL CORP / DERM FAQ
What is the ChartMill technical rating of JOURNEY MEDICAL CORP (DERM) stock?
ChartMill assigns a technical rating of 9 / 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 50.1634. 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 7.86 and a resistance level at 8.21. Check the full technical report for our detailed analysis of DERM support and resistance levels.