DHT-UN Technical Analysis - DRI HEALTHCARE TRUST

Technical Rating and Analysis

Overall DHT-UN gets a technical rating of 2 out of 10. In the last year, DHT-UN was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

78% of all other stocks performed better in the past year than DHT-UN.

DHT-UN is one of the lesser performing stocks in the Pharmaceuticals industry. 61% of 32 stocks in the same industry do better.

In the last month DHT-UN has a been trading in the 14.10 - 15.23 range, which is quite wide. It is currently trading near the lows of this range.

DHT-UN 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 DHT-UN is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DRI HEALTHCARE TRUST / DHT-UN Weekly stock chart

DRI HEALTHCARE TRUST / DHT-UN Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, DHT-UN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.33, 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

13.82

15.21

We found 1 important support area.

A support zone ranging from 13.96 to 14.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 14.35 to 14.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 14.95 to 15.06. 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 DHT-UN.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DHT-UN.CA is down.
ChartMill Relative Strength	22.1	NEGATIVE	DHT-UN.CA has a low relative strength, it was outperformed by 77.9% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DHT-UN.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DHT-UN.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DHT-UN.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	44.57	NEUTRAL	The RSI value for DHT-UN.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests DHT-UN.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	23.89	NEUTRAL	The Stochastics value for DHT-UN.CA is a neutral value.
Average True Range in percent/ATR (20)	2.73	MEDIUM VOLATILITY	The ATR as a percentage value for DHT-UN.CA suggests some volalility.
Average Directional Index/ADX (14)	20.81	NEUTRAL	The ADX value for DHT-UN.CA suggests a possible start of a new trend.