DIGINEX LTD (DGNX) Stock Technical Analysis
NASDAQ:DGNX • KYG286871044
We assign a technical rating of 0 out of 10 to DGNX. DGNX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, DGNX is a bad performer in the overall market: 95% of all stocks are doing better.
- DGNX is part of the Software industry. There are 276 other stocks in this industry, of which 76% are performing better than DGNX.
- DGNX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month DGNX has a been trading in the 0.52 - 1.72 range, which is quite wide. It is currently trading near the lows of this range.
- DGNX has an average volume of 3217370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of DGNX is bad and it also does not present a quality setup 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
0.73
We found 1 important support area.
- A support zone ranging from 0.74 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for DGNX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DGNX is down. |
| ChartMill Relative Strength | 5.36 | NEGATIVE | DGNX has a low relative strength, it was outperformed by 94.64% 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). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DGNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.45 | OVERSOLD | The low RSI value suggests DGNX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests DGNX has a positive trend. |
| Stochastics (14,3) | 18.86 | OVERSOLD | The low Stochastics value suggests DGNX may be oversold. |
| Average True Range in percent/ATR (20) | 27.01 | HIGH VOLATILITY | The high ATR as a percentage value for DGNX suggests high volalility. |
| Average Directional Index/ADX (14) | 49.32 | POSITIVE | The high ADX value value for DGNX suggests a strong trend. |
0.75
+0.1 (+15.4%)
DIGINEX LTD / DGNX FAQ
Can you provide the ChartMill technical rating for DIGINEX LTD?
ChartMill assigns a technical rating of 0 / 10 to DGNX.
What is the trend direction for DGNX stock?
The current trend direction for DIGINEX LTD (DGNX) is Bearish.
What is the RSI signal for DGNX stock?
DIGINEX LTD (DGNX) has an RSI value of 25.4549. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for DIGINEX LTD?
The buy/sell signal for DIGINEX LTD (DGNX) is sell as both the short term and long term trends are negative.
What is the support and resistance level for DGNX stock?
DIGINEX LTD (DGNX) has a support level at 0.74. Check the full technical report for our detailed analysis of DGNX support and resistance levels.