DHC Technical Analysis - DIVERSIFIED HEALTHCARE TRUST

Technical Rating and Analysis

Taking everything into account, DHC scores 6 out of 10 in our technical rating. In the last year, DHC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month DHC has a been trading in the 3.98 - 4.65 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 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!

DHC is part of the Diversified REITs industry. There are 129 other stocks in this industry. DHC outperforms 90% of them.

DHC 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 DHC is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that DHC is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DIVERSIFIED HEALTHCARE TRUST / DHC Weekly stock chart

DIVERSIFIED HEALTHCARE TRUST / DHC Daily stock chart

Setup Rating and Analysis

DHC has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.51

4.66

We found 2 important support areas.

A support zone ranging from 3.97 to 4.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @3.55 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 4.53 to 4.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 DHC is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DHC is neutral.
ChartMill Relative Strength	72.4	POSITIVE	DHC has a high relative strength, it outperformed 72.4% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DHC is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DHC is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DHC is above the rising SMA(200).
Relative Strength Index/RSI (14)	40.05	NEUTRAL	The RSI value for DHC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests DHC has a negative trend.
Stochastics (14,3)	11.39	OVERSOLD	The low Stochastics value suggests DHC may be oversold.
Average True Range in percent/ATR (20)	3.95	MEDIUM VOLATILITY	The ATR as a percentage value for DHC suggests some volalility.
Average Directional Index/ADX (14)	24.18	NEUTRAL	The ADX value for DHC suggests a possible start of a new trend.