DGXX Technical Analysis - DIGI POWER X INC

Technical Rating and Analysis

Overall DGXX gets a technical rating of 4 out of 10. DGXX was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

100% of all other stocks performed better in the past year than DGXX.

DGXX is one of the lesser performing stocks in the Software industry. 91% of 280 stocks in the same industry do better.

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.

DGXX has an average volume of 1539630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month DGXX has a been trading in the 2.14 - 2.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DIGI POWER X INC / DGXX Weekly stock chart

DIGI POWER X INC / DGXX Daily stock chart

Setup Rating and Analysis

DGXX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.19, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.15

2.82

We found 1 important support area.

A support zone ranging from 2.17 to 2.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Resistance @2.65 from a horizontal line in the weekly time frame.
A resistance zone ranging from 2.71 to 2.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @2.79 from a horizontal line in the daily time frame.

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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 DGXX is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DGXX is neutral.
ChartMill Relative Strength	0	NEGATIVE	DGXX has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of DGXX is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DGXX is below a declining SMA(50).
Relative Strength Index/RSI (14)	47.04	NEUTRAL	The RSI value for DGXX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests DGXX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	47.95	NEUTRAL	The Stochastics value for DGXX is a neutral value.
Average True Range in percent/ATR (20)	8.25	HIGH VOLATILITY	The high ATR as a percentage value for DGXX suggests high volalility.
Average Directional Index/ADX (14)	20.22	NEUTRAL	The ADX value for DGXX suggests a possible start of a new trend.