DGNX Technical Analysis - DIGINEX LTD

Technical Rating and Analysis

Overall DGNX gets a technical rating of 7 out of 10. Although DGNX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, DGNX is a bad performer in the overall market: 100% of all stocks are doing better.

DGNX is part of the Software industry. There are 281 other stocks in this industry, of which 90% are performing better than DGNX.

The long and short term trends are both positive. This is looking good!

In the last month DGNX has a been trading in the 8.48 - 39.85 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although DGNX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

31.08

31.70

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Technical Indicator Signal Analysis

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 DGNX is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DGNX is up.
ChartMill Relative Strength	0	NEGATIVE	DGNX has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DGNX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DGNX is above the rising SMA(50).
Relative Strength Index/RSI (14)	85.53	OVERBOUGHT	The high RSI value suggests DGNX may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.6	POSITIVE	The MACD value suggests DGNX has a positive trend.
Stochastics (14,3)	86.81	OVERBOUGHT	The high Stochastics value suggests DGNX may be overbought.
Average True Range in percent/ATR (20)	10.74	HIGH VOLATILITY	The high ATR as a percentage value for DGNX suggests high volalility.
Average Directional Index/ADX (14)	60.27	POSITIVE	The high ADX value value for DGNX suggests a strong trend.