DIGINEX LTD (DGNX) Stock Technical Analysis
NASDAQ:DGNX - Nasdaq - KYG286871044 - Common Stock - Currency: USD
Overall DGNX gets a technical rating of 1 out of 10. DGNX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
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 one of the lesser performing stocks in the Software industry. 90% of 282 stocks in the same industry do better.
In the last month DGNX has a been trading in the 55.00 - 100.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
DGNX has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
54.46
80.23
2 important support areas can be observed.
- A support zone ranging from 56.80 to 57.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.01 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @79.44 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 | UP | POSITIVE | The long term trend for DGNX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DGNX is down. |
| 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) | DOWN | NEGATIVE | The current price of DGNX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DGNX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 37.51 | NEUTRAL | The RSI value for DGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.04 | NEGATIVE | The MACD value suggests DGNX has a negative trend. |
| Stochastics (14,3) | 11.18 | OVERSOLD | The low Stochastics value suggests DGNX may be oversold. |
| Average True Range in percent/ATR (20) | 20.09 | HIGH VOLATILITY | The high ATR as a percentage value for DGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.62 | NEGATIVE | The low ADX value for DGNX 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)
58.21
-3.29 (-5.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-5.35%
1 Week-12.4%
2 Weeks-30.7%
1 Month-34.44%
3 Month-15.29%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.1
ATR(20)%20.09%
ATR Inc-39.75%
Range Today5.99
ADR(20)10.44
ADR(20)%17.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High100.7
10 Day Low55
20 Day High100.7
20 Day Low55
52 Week HighN/A
52 Week LowN/A
CS1 End57
CR1 Start79.44
Volume & EV
DER(3)1.15%
DER(5)-1.3%
Volume31.60K
Volume Incr58.78%
Vol(5)63.06K
Vol(50)50.91K