We assign a technical rating of 9 out of 10 to DGICB. DGICB 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.
DGICB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 16.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DGICB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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13.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 16.00 to 16.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.16 from a trend line in the weekly time frame.
- A support zone ranging from 14.87 to 14.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.52 from a trend line in the daily time frame.
- A support zone ranging from 13.80 to 13.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @17.17 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for DGICB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DGICB is up. |
| ChartMill Relative Strength | 85.95 | POSITIVE | DGICB has a high relative strength, it outperformed 85.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DGICB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DGICB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DGICB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.85 | NEUTRAL | The RSI value for DGICB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DGICB has a positive trend. |
| Stochastics (14,3) | 63.47 | NEUTRAL | The Stochastics value for DGICB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for DGICB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.17 | NEGATIVE | The low ADX value for DGICB 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 |
|---|---|---|---|
| 17.18 | 15.99 | 1.19 (6.93%) | 14.44% |
| An entry @17.18. This is a Buy Stop order right above the resistance zone. | An exit @15.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.19 points, which is 6.93%. | When investing 14.44% 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.
17.14
+0.19 (+1.12%)
DONEGAL GROUP INC-B / DGICB FAQ
What is the ChartMill technical rating of DONEGAL GROUP INC-B (DGICB) stock?
ChartMill assigns a technical rating of 9 / 10 to DGICB.
What is the trend direction for DGICB stock?
The current trend direction for DONEGAL GROUP INC-B (DGICB) is Bearish.
What is the RSI signal for DONEGAL GROUP INC-B (DGICB) stock?
DONEGAL GROUP INC-B (DGICB) has an RSI value of 57.8495. This indicates that the stock is currently neutral.
What is the MACD signal for DGICB stock?
The MACD indicator for DONEGAL GROUP INC-B (DGICB) has a value of 0.0299808, indicating a bearish trend.