DHI GROUP INC (DHX) Stock Technical Analysis
USA - NYSE:DHX - US23331S1006 - Common Stock
2.88 USD
+0.07 (+2.49%)
2.88 USD
0 (0%)
Overall DHX gets a technical rating of 8 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, DHX is showing a nice and steady performance.
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!
DHX is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. DHX outperforms 72% of them.
DHX 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 DHX is lagging the market slightly.
In the last month DHX has a been trading in the 2.68 - 3.23 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that DHX is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
DHX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.98. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.10
3.32
When analyzing the support we can see 4 important areas.
- Support @2.80 from a horizontal line in the daily time frame.
- Support @2.52 from a trend line in the weekly time frame.
- Support @2.40 from a trend line in the daily time frame.
- Support @2.12 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.98 to 3.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.08 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.28 to 3.29. This zone is formed by a combination of multiple trend lines 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 DHX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DHX is neutral. |
| ChartMill Relative Strength | 85.03 | POSITIVE | DHX has a high relative strength, it outperformed 85.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DHX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DHX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DHX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.36 | NEUTRAL | The RSI value for DHX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DHX has a negative trend. |
| Stochastics (14,3) | 42.28 | NEUTRAL | The Stochastics value for DHX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for DHX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.47 | NEGATIVE | The low ADX value for DHX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 3.02 | 2.79 | 0.23 (7.62%) | 13.13% |
| An entry @3.02. This is a Buy Stop order right above the resistance zone. | An exit @2.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 7.62%. | When investing 13.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.88
+0.07 (+2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg2.49%
1 Week-1.03%
2 Weeks-3.03%
1 Month1.77%
3 Month-3.03%
6 Month94.59%
12 Month59.12%
2 Year-5.88%
3 Year-46.47%
5 Year27.43%
10 Year-60.6%
15 Year-66.04%
Volatility
ATR(14)0.15
ATR(20)%6.11%
ATR Inc10.57%
Range Today0.19
ADR(20)0.17
ADR(20)%6.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.03
Mansfield2.02
10 Day High3.02
10 Day Low2.76
20 Day High3.23
20 Day Low2.68
52 Week High3.34
52 Week Low1.21
CS1 End2.8
CR1 Start2.98
Volume & EV
DER(3)-6.53%
DER(5)-4.61%
Volume86.20K
Volume Incr-35.42%
Vol(5)149.78K
Vol(50)139.60K