DIGI INTERNATIONAL INC (DGII) Stock Technical Analysis
NASDAQ:DGII - US2537981027 - Common Stock
We assign a technical rating of 7 out of 10 to DGII. Although DGII is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
DGII has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.02, 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.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.79 to 33.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.13 to 31.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.01 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @34.92 from a horizontal line in the daily time frame.
- A resistance zone ranging from 35.68 to 35.95. 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 DGII is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DGII is up. |
| ChartMill Relative Strength | 67.82 | NEUTRAL | DGII is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DGII is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DGII is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DGII is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.14 | NEUTRAL | The RSI value for DGII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests DGII has a positive trend. |
| Stochastics (14,3) | 67.69 | NEUTRAL | The Stochastics value for DGII is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for DGII suggests some volalility. |
| Average Directional Index/ADX (14) | 13.79 | NEGATIVE | The low ADX value for DGII 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 |
|---|---|---|---|
| 34.93 | 32.78 | 2.15 (6.16%) | 16.25% |
| An entry @34.93. This is a Buy Stop order right above the resistance zone. | An exit @32.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.15 points, which is 6.16%. | When investing 16.25% 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.
34.27
+0.23 (+0.66%)