Overall DGICA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, DGICA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, DGICA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.34, a Stop Loss order could be placed below this zone.
More info and screens
18.20
3 important support areas can be observed.
- A support zone ranging from 19.29 to 20.34. 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 18.38 to 18.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.66 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 | 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 | 82.93 | POSITIVE | DGICA has a high relative strength, it outperformed 82.93% 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) | 58.96 | NEUTRAL | The RSI value for DGICA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests DGICA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.51 | OVERBOUGHT | The high Stochastics value suggests DGICA may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.22 | NEUTRAL | The ADX value for DGICA suggests a possible start of a new 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 |
|---|---|---|---|
| 20.96 | 19.25 | 1.71 (8.16%) | 12.26% |
| An entry @20.96. 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 worst case loss on the trade is limited to 1.71 points, which is 8.16%. | When investing 12.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
20.53
-0.42 (-2%)
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 58.9578. 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 20.34 and a resistance level at 20.66. Check the full technical report for our detailed analysis of DGICA support and resistance levels.