DIGI POWER X INC (DGXX) Technical Analysis
NASDAQ:DGXX • CA25380B1022
Current stock price
DGXX Technical Rating and Analysis
Overall DGXX gets a technical rating of 3 out of 10. Although DGXX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- DGXX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DGXX is lagging the market.
- In the last month DGXX has a been trading in the 2.21 - 3.05 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.
- DGXX is one of the better performing stocks in the Software industry, it outperforms 93% of 277 stocks in the same industry.
- DGXX has an average volume of 2554060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DGXX is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
DGXX Weekly and Daily overview Charts
DGXX Setup Rating and Analysis
Although the technical rating is bad, DGXX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.21, a Stop Loss order could be placed below this zone.
More info and screens
DGXX Support and Resistance Analysis
2.16
When analyzing the support we notice one important area.
- A support zone ranging from 2.18 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.65 to 2.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.77 to 2.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.89 from a trend line in the daily time frame.
DGXX 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 | DOWN | NEGATIVE | The long term trend for DGXX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DGXX is down. |
| ChartMill Relative Strength | 88.82 | POSITIVE | DGXX has a high relative strength, it outperformed 88.82% 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). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DGXX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.71 | NEUTRAL | The RSI value for DGXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DGXX has a negative trend. |
| Stochastics (14,3) | 22.55 | NEUTRAL | The Stochastics value for DGXX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.94 | HIGH VOLATILITY | The high ATR as a percentage value for DGXX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.11 | NEGATIVE | The low ADX value for DGXX suggests a weak or negative trend. |
DGXX Chart- and CandleStick Pattern Analysis
DGXX Technicals: Chart, Performance Metrics, Trend & Indicators
2.41
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DIGI POWER X INC / DGXX TA FAQ
What is the ChartMill technical rating of DIGI POWER X INC (DGXX) stock?
ChartMill assigns a technical rating of 3 / 10 to DGXX.
What is the trend direction for DGXX stock?
The current trend direction for DIGI POWER X INC (DGXX) is Bearish.
Can you provide the RSI signal for DIGI POWER X INC?
DIGI POWER X INC (DGXX) has an RSI value of 43.7102. This indicates that the stock is currently neutral.
What is the short term momentum for DGXX stock?
The short term momentum for DIGI POWER X INC (DGXX) is negative.
What is the buy/sell signal for DIGI POWER X INC (DGXX) stock?
The buy/sell signal for DIGI POWER X INC (DGXX) is sell as both the short term and long term trends are negative.