DHX Technical Analysis - DHI GROUP INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to DHX. DHX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, DHX is a bad performer in the overall market: 73% of all stocks are doing better.

In the last month DHX has a been trading in the 1.95 - 3.02 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

DHX is an average performer in the Interactive Media & Services industry, it outperforms 60% of 69 stocks in the same industry.

DHX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DHX is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of DHX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.99

3.31

We found 1 important support area.

Support @2.01 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 2.90 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.01 from a horizontal line in the weekly time frame.
Resistance @3.28 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for DHX is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DHX is down.
ChartMill Relative Strength	27.01	NEGATIVE	DHX has a low relative strength, it was outperformed by 72.99% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DHX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DHX is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of DHX is below the rising SMA(200).
Relative Strength Index/RSI (14)	25.71	OVERSOLD	The low RSI value suggests DHX may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests DHX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	8.89	OVERSOLD	The low Stochastics value suggests DHX may be oversold.
Average True Range in percent/ATR (20)	8.19	HIGH VOLATILITY	The high ATR as a percentage value for DHX suggests high volalility.
Average Directional Index/ADX (14)	36.11	POSITIVE	The high ADX value value for DHX suggests a strong trend.