Taking everything into account, DGICA scores 10 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, DGICA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 19.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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3 important support areas can be observed.
- A support zone ranging from 19.16 to 19.90. 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 18.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.30 to 18.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance 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 | 80.2 | POSITIVE | DGICA has a high relative strength, it outperformed 80.2% 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) | 61.15 | NEUTRAL | The RSI value for DGICA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DGICA has a positive trend. |
| Stochastics (14,3) | 72.39 | NEUTRAL | The Stochastics value for DGICA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.15 | 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 |
|---|---|---|---|
| 20.87 | 19.25 | 1.62 (7.76%) | 12.88% |
| An entry @20.87. This is a Buy Stop order right above the resistance zone. | An exit @19.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.62 points, which is 7.76%. | For a 1.00% total portfolio risk, you can invest 12.88% of your capital in this trade. |
- 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.
20.36
+0.12 (+0.59%)
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 10 / 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 61.1502. 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 19.9 and a resistance level at 20.38. Check the full technical report for our detailed analysis of DGICA support and resistance levels.