Dhx Media Ltd Class B (DHX-B.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:DHX-B -
Overall DHX-B gets a technical rating of 0 out of 10. DHX-B scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, DHX-B is a bad performer in the overall market: 83% of all stocks are doing better.
- DHX-B is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- DHX-B is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Considerably lower volume is observed in the last couple of days.
DHX-B has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
3.26
When analyzing the support we notice one important area.
- A support zone ranging from 3.29 to 3.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.36 to 3.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.01 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.13 to 4.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 DHX-B.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DHX-B.CA is down. |
| ChartMill Relative Strength | 17.64 | NEGATIVE | DHX-B.CA has a low relative strength, it was outperformed by 82.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DHX-B.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DHX-B.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DHX-B.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.84 | NEUTRAL | The RSI value for DHX-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DHX-B.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.76 | OVERSOLD | The low Stochastics value suggests DHX-B.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for DHX-B.CA suggests high volalility. |
TSX:DHX-B (5/30/2018, 5:57:26 PM)
3.3
-0.08 (-2.37%)
Dhx Media Ltd Class B / DHX-B.CA FAQ
Can you provide the ChartMill technical rating for Dhx Media Ltd Class B?
ChartMill assigns a technical rating of 0 / 10 to DHX-B.CA.
What is the current trend direction of Dhx Media Ltd Class B (DHX-B.CA) stock?
The current trend direction for Dhx Media Ltd Class B (DHX-B.CA) is Bearish.
What is the RSI signal for DHX-B stock?
Dhx Media Ltd Class B (DHX-B.CA) has an RSI value of 41.8445. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Dhx Media Ltd Class B?
The buy/sell signal for Dhx Media Ltd Class B (DHX-B.CA) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for Dhx Media Ltd Class B (DHX-B.CA) stock?
Dhx Media Ltd Class B (DHX-B.CA) has a support level at 3.29 and a resistance level at 3.36. Check the full technical report for our detailed analysis of DHX-B.CA support and resistance levels.