DONEGAL GROUP INC-CL A (DGICA) Technical Analysis
NASDAQ:DGICA • US2577012014
We assign a technical rating of 0 out of 10 to DGICA. DGICA'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, DGICA is a bad performer in the overall market: 79% of all stocks are doing better.
- DGICA is one of the lesser performing stocks in the Insurance industry. 64% of 149 stocks in the same industry do better.
- DGICA is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so DGICA is lagging the market.
- In the last month DGICA has a been trading in the 16.43 - 19.25 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of DGICA is bad and it also does not present a quality setup 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.
More info and screens
16.52
We found 1 important support area.
- A support zone ranging from 16.69 to 16.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @16.75 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.16 to 17.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.65 to 17.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.84 to 19.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.38 to 20.66. 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 | DOWN | NEGATIVE | The long term trend for DGICA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DGICA is down. |
| ChartMill Relative Strength | 21.15 | NEGATIVE | DGICA has a low relative strength, it was outperformed by 78.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DGICA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DGICA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DGICA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.38 | OVERSOLD | The low RSI value suggests DGICA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests DGICA has a negative trend. |
| Stochastics (14,3) | 17.97 | OVERSOLD | The low Stochastics value suggests DGICA may be oversold. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICA suggests some volalility. |
| Average Directional Index/ADX (14) | 41.74 | POSITIVE | The high ADX value value for DGICA suggests a strong trend. |
DGICA Technicals: Chart, Performance Metrics, Trend & Indicators
16.75
+0.06 (+0.36%)
DONEGAL GROUP INC-CL A / DGICA FAQ
What is the technical rating for DGICA stock?
ChartMill assigns a technical rating of 0 / 10 to DGICA.
What is the trend direction for DGICA stock?
The current trend direction for DONEGAL GROUP INC-CL A (DGICA) is Bearish.
What is the RSI signal for DGICA stock?
DONEGAL GROUP INC-CL A (DGICA) has an RSI value of 29.3763. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for DONEGAL GROUP INC-CL A?
The buy/sell signal for DONEGAL GROUP INC-CL A (DGICA) is sell as both the short term and long term trends are negative.
What is the support and resistance level for DGICA stock?
DONEGAL GROUP INC-CL A (DGICA) has a support level at 16.74 and a resistance level at 16.75. Check the full technical report for our detailed analysis of DGICA support and resistance levels.