DHT HOLDINGS INC (DHT) Stock Technical Analysis
NYSE:DHT • MHY2065G1219
Overall DHT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DHT is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, DHT did better than 92% of all other stocks. We also observe that the gains produced by DHT over the past year are nicely spread over this period.
- DHT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 206 stocks in the same industry.
- DHT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DHT has a been trading in the 13.57 - 17.55 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- DHT has an average volume of 2542340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DHT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.84
When analyzing the support we can see 2 important areas.
- Support @12.21 from a trend line in the weekly time frame.
- Support @11.96 from a trend line in the daily time frame.
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 | 92.3 | POSITIVE | DHT has a high relative strength, it outperformed 92.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DHT is above 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) | 86.87 | OVERBOUGHT | The high RSI value suggests DHT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests DHT has a positive trend. |
| Stochastics (14,3) | 99.6 | OVERBOUGHT | The high Stochastics value suggests DHT may be overbought. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for DHT suggests some volalility. |
| Average Directional Index/ADX (14) | 51.35 | POSITIVE | The high ADX value value for DHT suggests a strong trend. |
17.53
+0.08 (+0.46%)
DHT HOLDINGS INC / DHT FAQ
Can you provide the ChartMill technical rating for DHT HOLDINGS INC?
ChartMill assigns a technical rating of 10 / 10 to DHT.
Can you provide the trend direction for DHT HOLDINGS INC?
The current trend direction for DHT HOLDINGS INC (DHT) is Bullish.
Can you provide the RSI signal for DHT HOLDINGS INC?
DHT HOLDINGS INC (DHT) has an RSI value of 86.8677. This indicates that the stock is currently overbought.
What is the buy/sell signal for DHT HOLDINGS INC (DHT) stock?
The buy/sell signal for DHT HOLDINGS INC (DHT) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DHT HOLDINGS INC (DHT) stock?
DHT HOLDINGS INC (DHT) has a support level at 12.21. Check the full technical report for our detailed analysis of DHT support and resistance levels.