Overall DFNL gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DFNL is showing a nice and steady performance.
Besides having an excellent technical rating, DFNL also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 49.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.22, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
37.16
When analyzing the support we can see 5 important areas.
- A support zone ranging from 49.05 to 49.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 46.42 to 47.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.02 from a trend line in the weekly time frame.
- A support zone ranging from 42.82 to 43.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.54 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 49.65 to 49.78. 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 DFNL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DFNL is up. |
| ChartMill Relative Strength | 82.11 | POSITIVE | DFNL has a high relative strength, it outperformed 82.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DFNL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DFNL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DFNL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.83 | NEUTRAL | The RSI value for DFNL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests DFNL has a negative trend. |
| Stochastics (14,3) | 78.49 | NEUTRAL | The Stochastics value for DFNL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for DFNL suggests low volalility. |
| Average Directional Index/ADX (14) | 36.64 | POSITIVE | The high ADX value value for DFNL suggests a strong 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 |
|---|---|---|---|
| 49.79 | 49.04 | 0.75 (1.51%) | 25.00% |
| An entry @49.79. This is a Buy Stop order right above the resistance zone. | An exit @49.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.75 points, which is 1.51%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DFNL. 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.
49.4
-0.29 (-0.58%)
DAVIS SELECT FINANCIAL ETF / DFNL FAQ
What is the technical rating for DFNL stock?
ChartMill assigns a technical rating of 10 / 10 to DFNL.
What is the current trend direction of DAVIS SELECT FINANCIAL ETF (DFNL) stock?
The current trend direction for DAVIS SELECT FINANCIAL ETF (DFNL) is Bullish.
What is the RSI signal for DFNL stock?
DAVIS SELECT FINANCIAL ETF (DFNL) has an RSI value of 60.8307. This indicates that the stock is currently neutral.
What is the MACD signal for DAVIS SELECT FINANCIAL ETF (DFNL) stock?
The MACD indicator for DAVIS SELECT FINANCIAL ETF (DFNL) has a value of -0.0738537, indicating a bearish trend.
What are the support and resistance levels for DAVIS SELECT FINANCIAL ETF (DFNL) stock?
DAVIS SELECT FINANCIAL ETF (DFNL) has a support level at 49.22 and a resistance level at 49.65. Check the full technical report for our detailed analysis of DFNL support and resistance levels.