DEVVSTREAM CORP (DEVS) Technical Analysis
NASDAQ:DEVS • CA2519362099
Taking everything into account, DEVS scores 0 out of 10 in our technical rating. DEVS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 98% of all other stocks performed better in the past year than DEVS.
- DEVS is one of the lesser performing stocks in the Commercial Services & Supplies industry. 83% of 82 stocks in the same industry do better.
- DEVS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so DEVS is lagging the market.
- DEVS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, DEVS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
0.77
When analyzing the support we notice one important area.
- Support @0.78 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @0.99 from a trend line in the daily time frame.
- Resistance @1.20 from a trend line in the weekly time frame.
- Resistance @1.25 from a trend 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 | 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 | 2.78 | NEGATIVE | DEVS has a low relative strength, it was outperformed by 97.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DEVS is below a declining 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) | 42.6 | NEUTRAL | The RSI value for DEVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DEVS has a positive trend. |
| Stochastics (14,3) | 21.88 | NEUTRAL | The Stochastics value for DEVS is a neutral value. |
| Average True Range in percent/ATR (20) | 9.25 | HIGH VOLATILITY | The high ATR as a percentage value for DEVS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for DEVS suggests a weak or negative trend. |
DEVS Technicals: Chart, Performance Metrics, Trend & Indicators
0.832
+0.01 (+1.48%)
DEVVSTREAM CORP / DEVS FAQ
What is the technical rating for DEVS stock?
ChartMill assigns a technical rating of 0 / 10 to DEVS.
What is the trend direction for DEVS stock?
The current trend direction for DEVVSTREAM CORP (DEVS) is Bearish.
What is the RSI signal for DEVVSTREAM CORP (DEVS) stock?
DEVVSTREAM CORP (DEVS) has an RSI value of 42.5955. This indicates that the stock is currently neutral.
What is the short term momentum for DEVS stock?
The short term momentum for DEVVSTREAM CORP (DEVS) is negative.
What is the support and resistance level for DEVS stock?
DEVVSTREAM CORP (DEVS) has a support level at 0.78 and a resistance level at 0.99. Check the full technical report for our detailed analysis of DEVS support and resistance levels.