NYSE:DHT - New York Stock Exchange, Inc. - MHY2065G1219 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to DHT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DHT is only an average performer.
DHT has an excellent technical rating and 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. There is a resistance zone just above the current price starting at 11.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.56, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
8.91
We found 3 important support areas.
When analyzing the resistance we notice one important area.
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 is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DHT is up. |
ChartMill Relative Strength | 52.12 | NEUTRAL | DHT is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of DHT is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DHT is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DHT is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 51.8 | NEUTRAL | The RSI value for DHT is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DHT has a negative trend. |
Stochastics (14,3) | 48.17 | NEUTRAL | The Stochastics value for DHT is a neutral value. |
Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for DHT suggests some volalility. |
Average Directional Index/ADX (14) | 15.36 | NEGATIVE | The low ADX value for DHT suggests a weak or negative 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 |
---|---|---|---|
11.53 | 11.30 | 0.23 (2.00%) | 25.00% |
An entry @11.53. This is a Buy Stop order right above the 10 day moving average. | An exit @11.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 2.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
11.38
-0.19 (-1.64%)