AMCON DISTRIBUTING CO (DIT) Stock Technical Analysis
USA - NYSEARCA:DIT - US02341Q2057 - Common Stock
Taking everything into account, DIT scores 4 out of 10 in our technical rating. In the past year, DIT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, DIT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 119.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 116.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DIT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
105.93
We found 3 important support areas.
- A support zone ranging from 114.12 to 116.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @109.02 from a horizontal line in the weekly time frame.
- Support @107.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 119.58 to 120.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @124.03 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for DIT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DIT is neutral. |
| ChartMill Relative Strength | 37.45 | NEUTRAL | DIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.65 | NEUTRAL | The RSI value for DIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests DIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.2 | NEUTRAL | The Stochastics value for DIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for DIT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.18 | NEGATIVE | The low ADX value for DIT suggests a weak or negative trend. |
NYSEARCA:DIT (9/18/2025, 8:04:00 PM)
116.9
+5.52 (+4.96%)