QUEST DIAGNOSTICS INC (DGX) Technical Analysis
NYSE:DGX • US74834L1008
Taking everything into account, DGX scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month DGX has a been trading in the 195.39 - 213.50 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, DGX did better than 74% of all other stocks. On top of that, DGX also shows a nice and consistent pattern of rising prices.
- DGX is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. DGX outperforms 71% of them.
- DGX 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 DGX is lagging the market slightly.
- DGX has an average volume of 1004710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, DGX 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.
More info and screens
171.75
When analyzing the support we can see 3 important areas.
- Support @199.56 from a trend line in the daily time frame.
- Support @184.40 from a horizontal line in the daily time frame.
- A support zone ranging from 173.48 to 178.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 211.92 to 211.92. 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 DGX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DGX is neutral. |
| ChartMill Relative Strength | 74.57 | POSITIVE | DGX has a high relative strength, it outperformed 74.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DGX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.41 | NEUTRAL | The RSI value for DGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.79 | NEGATIVE | The MACD value suggests DGX has a negative trend. |
| Stochastics (14,3) | 31.04 | NEUTRAL | The Stochastics value for DGX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for DGX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.94 | POSITIVE | The high ADX value value for DGX suggests a strong 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 |
|---|---|---|---|
| 205.64 | 199.55 | 6.09 (2.96%) | 25.00% |
| An entry @205.64. This is a Buy Stop order right above the 10 day moving average. | An exit @199.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.09 points, which is 2.96%. | For a 0.74% 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 DGX. 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.
DGX Technicals: Chart, Performance Metrics, Trend & Indicators
200.56
-0.34 (-0.17%)
QUEST DIAGNOSTICS INC / DGX FAQ
Can you provide the ChartMill technical rating for QUEST DIAGNOSTICS INC?
ChartMill assigns a technical rating of 8 / 10 to DGX.
Can you provide the trend direction for QUEST DIAGNOSTICS INC?
The current trend direction for QUEST DIAGNOSTICS INC (DGX) is Bullish.
Can you provide the RSI signal for QUEST DIAGNOSTICS INC?
QUEST DIAGNOSTICS INC (DGX) has an RSI value of 49.4119. This indicates that the stock is currently neutral.
What is the MACD signal for DGX stock?
The MACD indicator for QUEST DIAGNOSTICS INC (DGX) has a value of -1.78882, indicating a bearish trend.
Can you provide the support and resistance levels for QUEST DIAGNOSTICS INC?
QUEST DIAGNOSTICS INC (DGX) has a support level at 199.56 and a resistance level at 211.92. Check the full technical report for our detailed analysis of DGX support and resistance levels.