We assign a technical rating of 9 out of 10 to DGICA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DGICA is showing a nice and steady performance.
DGICA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 20.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.73, a Stop Loss order could be placed below this zone.
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17.87
When analyzing the support we can see 5 important areas.
- A support zone ranging from 19.72 to 19.73. 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 19.15 to 19.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.75 to 18.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.38 from a horizontal line in the daily time frame.
- Support @18.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.38 to 20.86. 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 DGICA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DGICA is up. |
| ChartMill Relative Strength | 86.06 | POSITIVE | DGICA has a high relative strength, it outperformed 86.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DGICA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DGICA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DGICA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.84 | NEUTRAL | The RSI value for DGICA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DGICA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.63 | NEUTRAL | The Stochastics value for DGICA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.91 | NEGATIVE | The low ADX value for DGICA 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 |
|---|---|---|---|
| 20.29 | 19.71 | 0.58 (2.83%) | 25.00% |
| An entry @20.29. This is a Buy Stop order right above the 10 day high. | An exit @19.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.58 points, which is 2.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of DGICA. 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.
19.75
+0.25 (+1.28%)
DONEGAL GROUP INC-CL A / DGICA FAQ
What is the ChartMill technical rating of DONEGAL GROUP INC-CL A (DGICA) stock?
ChartMill assigns a technical rating of 9 / 10 to DGICA.
What is the current trend direction of DONEGAL GROUP INC-CL A (DGICA) stock?
The current trend direction for DONEGAL GROUP INC-CL A (DGICA) is Bullish.
What is the RSI signal for DGICA stock?
DONEGAL GROUP INC-CL A (DGICA) has an RSI value of 56.8433. This indicates that the stock is currently neutral.
What is the short term momentum for DONEGAL GROUP INC-CL A (DGICA) stock?
The short term momentum for DONEGAL GROUP INC-CL A (DGICA) is positive.
Can you provide the support and resistance levels for DONEGAL GROUP INC-CL A?
DONEGAL GROUP INC-CL A (DGICA) has a support level at 19.73 and a resistance level at 20.38. Check the full technical report for our detailed analysis of DGICA support and resistance levels.