DHX MEDIA LTD (DHXM) Stock Technical Analysis
NASDAQ:DHXM - Nasdaq -
We assign a technical rating of 0 out of 10 to DHXM. DHXM'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
94% of all other stocks performed better in the past year than DHXM.
DHXM is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month DHXM has a been trading in the 1.05 - 1.30 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
DHXM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.15. Right above this resistance zone may be a good entry point.
More info and screens
1.08
1.43
When analyzing the support we notice one important area.
- Support @1.09 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.15 to 1.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.31 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.42 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for DHXM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DHXM is down. |
| ChartMill Relative Strength | 6.58 | NEGATIVE | DHXM has a low relative strength, it was outperformed by 93.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DHXM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DHXM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DHXM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.28 | NEUTRAL | The RSI value for DHXM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DHXM has a positive trend. |
| Stochastics (14,3) | 30.08 | NEUTRAL | The Stochastics value for DHXM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for DHXM suggests high volalility. |
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)
NASDAQ:DHXM (12/23/2019, 8:12:52 PM)
1.11
+0.01 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.91%
1 Week-2.63%
2 Weeks-1.77%
1 Month-11.55%
3 Month-21.83%
6 Month-23.97%
12 Month-31.06%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.23%
ATR Inc44.16%
Range Today0.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.58
Mansfield-3.3
10 Day High1.2
10 Day Low1.05
20 Day High1.3
20 Day Low1.05
52 Week High2.29
52 Week Low1.05
CS1 End1.09
CR1 Start1.15
Volume & EV
DER(3)-10.32%
DER(5)-9.53%
Volume70.20K
Volume Incr-57.31%
Vol(5)49.96K
Vol(50)89.96K