DEVS Technical Analysis - DEVVSTREAM CORP

Technical Rating and Analysis

Taking everything into account, DEVS scores 1 out of 10 in our technical rating. DEVS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, DEVS is a bad performer in the overall market: 100% of all stocks are doing better.

DEVS is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, of which 92% are performing better than DEVS.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

DEVS has an average volume of 4855990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month DEVS has a been trading in the 2.10 - 4.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DEVVSTREAM CORP / DEVS Weekly stock chart

DEVVSTREAM CORP / DEVS Daily stock chart

Setup Rating and Analysis

DEVS has a poor technical rating and the quality of the setup is also only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.21

4.77

3 important support areas can be observed.

Support @2.78 from a horizontal line in the daily time frame.
Support @2.29 from a horizontal line in the weekly time frame.
A support zone ranging from 2.23 to 2.25. This zone is formed by a combination of multiple trend lines in the daily time frame.

We found 1 important resistance area.

Resistance @4.72 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for DEVS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DEVS is down.
ChartMill Relative Strength	0	NEGATIVE	DEVS has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DEVS is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DEVS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DEVS is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.31	NEUTRAL	The RSI value for DEVS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests DEVS has a positive trend.
Stochastics (14,3)	21.68	NEUTRAL	The Stochastics value for DEVS is a neutral value.
Average True Range in percent/ATR (20)	12.56	HIGH VOLATILITY	The high ATR as a percentage value for DEVS suggests high volalility.
Average Directional Index/ADX (14)	35.96	POSITIVE	The high ADX value value for DEVS suggests a strong trend.