DONEGAL GROUP INC-CL A (DGICA) Stock Technical Analysis
NASDAQ:DGICA - Nasdaq - US2577012014 - Common Stock - Currency: USD
Taking everything into account, DGICA scores 0 out of 10 in our technical rating. DGICA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
62% of all other stocks performed better in the past year than DGICA.
In the last month DGICA has a been trading in the 16.51 - 18.69 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DGICA is an average performer in the Insurance industry, it outperforms 57% of 141 stocks in the same industry.
DGICA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DGICA is lagging the market.
Although the technical rating is bad, DGICA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 16.96, a Stop Loss order could be placed below this zone.
More info and screens
16.39
20.58
We found 1 important support area.
- A support zone ranging from 16.56 to 16.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.21 to 17.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.01 from a trend line in the daily time frame.
- Resistance @20.38 from a horizontal 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 DGICA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DGICA is down. |
| ChartMill Relative Strength | 38.73 | NEUTRAL | DGICA is not amongst the best or worst performers 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) | UP | MIXED | The current price of DGICA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40 | NEUTRAL | The RSI value for DGICA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests DGICA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.83 | NEUTRAL | The Stochastics value for DGICA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.72 | POSITIVE | The high ADX value value for DGICA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
17.11
-0.27 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.55%
1 Week-0.18%
2 Weeks0.82%
1 Month-6.4%
3 Month-13.37%
6 Month9.82%
12 Month14.3%
2 Year17.11%
3 Year17.84%
5 Year18.57%
10 Year19.73%
15 Year56.69%
Volatility
ATR(14)0.41
ATR(20)%2.74%
ATR Inc-0.39%
Range Today0.27
ADR(20)0.47
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.73
Mansfield-0.78
10 Day High17.75
10 Day Low16.54
20 Day High18.69
20 Day Low16.51
52 Week High21.12
52 Week Low14.06
CS1 End16.96
CR1 Start17.21
Volume & EV
DER(3)-0.45%
DER(5)0.42%
Volume109.07K
Volume Incr16.68%
Vol(5)185.63K
Vol(50)171.35K