AMCON DISTRIBUTING CO (DIT) Stock Technical Analysis
NYSEARCA:DIT - US02341Q2057 - Common Stock
Taking everything into account, DIT scores 2 out of 10 in our technical rating. DIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
DIT 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 118.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 111.59, 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
108.21
When analyzing the support we notice one important area.
- A support zone ranging from 109.30 to 111.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 118.13 to 120.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @124.32 from a trend line in the weekly time frame.
- Resistance @149.44 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 | 15.73 | NEGATIVE | DIT has a low relative strength, it was outperformed by 84.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DIT is above a declining 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) | 52.75 | NEUTRAL | The RSI value for DIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests DIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.8 | NEUTRAL | The Stochastics value for DIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for DIT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for DIT suggests a possible start of a new trend. |
NYSEARCA:DIT (8/25/2025, 8:15:07 PM)
114
-4.13 (-3.5%)