DONEGAL GROUP INC-CL A (DGICA) Stock Technical Analysis
NASDAQ:DGICA • US2577012014
Overall DGICA gets a technical rating of 1 out of 10. DGICA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- DGICA is one of the better performing stocks in the Insurance industry, it outperforms 78% of 149 stocks in the same industry.
- In the last month DGICA has a been trading in the 18.03 - 19.71 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.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, DGICA outperforms 63% of them, which is more or less in line with the market.
- 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 and the volatility has been reduced. There is a support zone below the current price at 18.52, a Stop Loss order could be placed below this zone.
More info and screens
18.11
We found 1 important support area.
- A support zone ranging from 18.29 to 18.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.77 to 18.82. 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 20.38 to 20.95. 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 | NEUTRAL | NEUTRAL | The long term trend for DGICA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DGICA is down. |
| ChartMill Relative Strength | 63.53 | 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) | DOWN | NEGATIVE | The current price of DGICA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.36 | NEUTRAL | The RSI value for DGICA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests DGICA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.83 | NEUTRAL | The Stochastics value for DGICA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.7 | NEUTRAL | The ADX value for DGICA suggests a possible start of a new trend. |
18.67
+0.01 (+0.05%)
DONEGAL GROUP INC-CL A / DGICA FAQ
What is the technical rating for DGICA stock?
ChartMill assigns a technical rating of 1 / 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 43.3585. This indicates that the stock is currently neutral.
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 18.52 and a resistance level at 18.77. Check the full technical report for our detailed analysis of DGICA support and resistance levels.