DONEGAL GROUP INC-CL A (DGICA) Stock Technical Analysis
USA - NASDAQ:DGICA - US2577012014 - Common Stock
19.17 USD
-0.04 (-0.21%)
19.55 USD
+0.38 (+1.98%)
Overall DGICA gets a technical rating of 8 out of 10. DGICA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that DGICA is one of the better performing stocks in the market, outperforming 80% of all stocks.
DGICA is one of the better performing stocks in the Insurance industry, it outperforms 85% of 147 stocks in the same industry.
DGICA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DGICA is lagging the market slightly.
DGICA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
In the last month DGICA has a been trading in a tight range between 18.67 and 19.76.
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 support zone below the current price at 19.13, a Stop Loss order could be placed below this zone.
More info and screens
16.58
20.22
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.66 to 19.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.65 to 17.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.11 from a trend line in the weekly time frame.
- A support zone ranging from 16.75 to 16.75. 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 19.27 to 20.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 80.3 | POSITIVE | DGICA has a high relative strength, it outperformed 80.3% 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) | 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) | 50.8 | NEUTRAL | The RSI value for DGICA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests DGICA has a negative trend. |
| Stochastics (14,3) | 53.93 | NEUTRAL | The Stochastics value for DGICA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.61 | NEGATIVE | The low ADX value for DGICA suggests a weak or negative 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)
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 |
|---|---|---|---|
| 19.30 | 18.66 | 0.64 (3.33%) | 25.00% |
| An entry @19.30. This is a Buy Stop order right above the 10 day moving average. | An exit @18.66. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.64 points, which is 3.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The distance between exit and entry is rather small compared to the average daily movement of DGICA. Please evaluate whether better entry and exit points can be found.
- 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.
19.17
-0.04 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.21%
1 Week0.52%
2 Weeks-0.73%
1 Month-0.83%
3 Month4.53%
6 Month5.1%
12 Month28.83%
2 Year35.76%
3 Year30.94%
5 Year32.12%
10 Year35.48%
15 Year38.41%
Volatility
ATR(14)0.43
ATR(20)%2.19%
ATR Inc-15.97%
Range Today0.33
ADR(20)0.42
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.3
Mansfield-0.16
10 Day High19.76
10 Day Low18.67
20 Day High19.76
20 Day Low18.67
52 Week High21.12
52 Week Low14.17
CS1 End19.13
CR1 Start19.27
Volume & EV
DER(3)0.31%
DER(5)0.82%
Volume155.10K
Volume Incr15.43%
Vol(5)154.52K
Vol(50)147.36K