DONEGAL GROUP INC-CL A (DGICA) Stock Technical Analysis
NASDAQ:DGICA - Nasdaq - US2577012014 - Common Stock - Currency: USD
Taking everything into account, DGICA scores 3 out of 10 in our technical rating. In the last year, DGICA was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
DGICA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, DGICA did better than 74% of all other stocks.
DGICA is one of the better performing stocks in the Insurance industry, it outperforms 79% of 145 stocks in the same industry.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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.
DGICA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.28, a Stop Loss order could be placed below this zone.
More info and screens
13.96
21.07
5 important support areas can be observed.
- A support zone ranging from 18.28 to 18.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.85 from a horizontal line in the daily time frame.
- Support @16.22 from a trend line in the weekly time frame.
- Support @14.88 from a trend line in the weekly time frame.
- A support zone ranging from 14.10 to 14.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.45 to 18.60. 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 19.49 to 19.64. 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 20.86. 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 | DOWN | NEGATIVE | The short term trend for DGICA is down. |
| ChartMill Relative Strength | 74.03 | POSITIVE | DGICA has a high relative strength, it outperformed 74.03% 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) | UP | POSITIVE | The current price of DGICA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.81 | NEUTRAL | The RSI value for DGICA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests DGICA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.83 | OVERSOLD | The low Stochastics value suggests DGICA may be oversold. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for DGICA suggests a possible start of a new 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)
18.34
-0.16 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.86%
1 Week0.33%
2 Weeks-5.17%
1 Month-3.27%
3 Month0.55%
6 Month25.7%
12 Month34.85%
2 Year25.88%
3 Year29.52%
5 Year31.19%
10 Year23.34%
15 Year55.95%
Volatility
ATR(14)0.48
ATR(20)%2.58%
ATR Inc-35.91%
Range Today0.41
ADR(20)0.46
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.03
Mansfield0.14
10 Day High19.4
10 Day Low18.17
20 Day High20.17
20 Day Low18.17
52 Week High21.12
52 Week Low13.35
CS1 End18.28
CR1 Start18.45
Volume & EV
DER(3)1.68%
DER(5)2.03%
Volume100.50K
Volume Incr-35.3%
Vol(5)124.18K
Vol(50)151.62K