DIGI INTERNATIONAL INC (DGII) Stock Technical Analysis
USA - NASDAQ:DGII - US2537981027 - Common Stock
35.49 USD
-1.27 (-3.45%)
35.49 USD
0 (0%)
Taking everything into account, DGII scores 7 out of 10 in our technical rating. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
DGII 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 DGII is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that DGII is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
DGII is an average performer in the Communications Equipment industry, it outperforms 40% of 48 stocks in the same industry.
In the last month DGII has a been trading in the 33.73 - 38.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, DGII also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 35.27, 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
25.01
38.50
3 important support areas can be observed.
- A support zone ranging from 34.68 to 35.27. 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 @25.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @35.80 from a trend line in the daily time frame.
- A resistance zone ranging from 37.58 to 38.12. 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 | NEUTRAL | NEUTRAL | The short term trend for DGII is neutral. |
| ChartMill Relative Strength | 72.9 | POSITIVE | DGII has a high relative strength, it outperformed 72.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DGII is below 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) | 46.48 | NEUTRAL | The RSI value for DGII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests DGII has a negative trend. |
| Stochastics (14,3) | 25.5 | NEUTRAL | The Stochastics value for DGII is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for DGII suggests some volalility. |
| Average Directional Index/ADX (14) | 23.07 | NEUTRAL | The ADX value for DGII suggests a possible start of a new 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 |
|---|---|---|---|
| 35.81 | 35.42 | 0.39 (1.08%) | 25.00% |
| An entry @35.81. This is a Buy Stop order right above the resistance zone. | An exit @35.42. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.39 points, which is 1.08%. | For a 0.27% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DGII. 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.
35.49
-1.27 (-3.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-3.45%
1 Week-2.66%
2 Weeks-5.59%
1 Month2.72%
3 Month5.28%
6 Month37.4%
12 Month20.06%
2 Year40.95%
3 Year-12%
5 Year140.94%
10 Year175.12%
15 Year267.39%
Volatility
ATR(14)1.08
ATR(20)%3.34%
ATR Inc13.46%
Range Today1.75
ADR(20)1.16
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.9
Mansfield-0.02
10 Day High37.83
10 Day Low35.43
20 Day High38.64
20 Day Low33.74
52 Week High38.64
52 Week Low22.39
CS1 End35.27
CR1 Start35.8
Volume & EV
DER(3)-1.04%
DER(5)-0.54%
Volume301.40K
Volume Incr-9.94%
Vol(5)201.22K
Vol(50)210.26K