DIST Technical Analysis - DISTOKEN ACQUISITION CORP

Technical Rating and Analysis

Taking everything into account, DIST scores 7 out of 10 in our technical rating. DIST has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

Warning: DIST has an average volume of 18630 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When comparing the yearly performance of all stocks, we notice that DIST is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

DIST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DIST is lagging the market slightly.

In the last month DIST has a been trading in the 10.40 - 33.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DISTOKEN ACQUISITION CORP / DIST Weekly stock chart

DISTOKEN ACQUISITION CORP / DIST Daily stock chart

Setup Rating and Analysis

Although DIST has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.48

28.28

We found 2 important support areas.

A support zone ranging from 10.88 to 10.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
Strong support @10.59 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 DIST is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DIST is neutral.
ChartMill Relative Strength	98.61	POSITIVE	DIST has a high relative strength, it outperformed 98.61% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DIST is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DIST is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DIST is above the rising SMA(200).
Relative Strength Index/RSI (14)	86.33	OVERBOUGHT	The high RSI value suggests DIST may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.27	POSITIVE	The MACD value suggests DIST has a positive trend.
Stochastics (14,3)	46.18	NEUTRAL	The Stochastics value for DIST is a neutral value.
Average True Range in percent/ATR (20)	11	HIGH VOLATILITY	The high ATR as a percentage value for DIST suggests high volalility.
Average Directional Index/ADX (14)	39.03	POSITIVE	The high ADX value value for DIST suggests a strong trend.