DIVERSIFIED ROYALTY CORP (DIV-DB.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:DIV-DB -
Overall DIV-DB gets a technical rating of 3 out of 10. Although DIV-DB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of DIV-DB 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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97.03
When analyzing the support we notice one important area.
- A support zone ranging from 98.01 to 99.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 99.97 to 101.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 DIV-DB.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DIV-DB.CA is down. |
| ChartMill Relative Strength | 75.22 | POSITIVE | DIV-DB.CA has a high relative strength, it outperformed 75.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DIV-DB.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DIV-DB.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DIV-DB.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.63 | NEUTRAL | The RSI value for DIV-DB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DIV-DB.CA has a negative trend. |
| Stochastics (14,3) | 9.23 | OVERSOLD | The low Stochastics value suggests DIV-DB.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for DIV-DB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.87 | NEGATIVE | The low ADX value for DIV-DB.CA suggests a weak or negative trend. |
TSX:DIV-DB (12/8/2022, 7:00:00 PM)
99.76
0 (0%)
DIVERSIFIED ROYALTY CORP / DIV-DB.CA FAQ
What is the ChartMill technical rating of DIVERSIFIED ROYALTY CORP (DIV-DB.CA) stock?
ChartMill assigns a technical rating of 3 / 10 to DIV-DB.CA.
What is the current trend direction of DIVERSIFIED ROYALTY CORP (DIV-DB.CA) stock?
The current trend direction for DIVERSIFIED ROYALTY CORP (DIV-DB.CA) is Bearish.
What is the RSI signal for DIVERSIFIED ROYALTY CORP (DIV-DB.CA) stock?
DIVERSIFIED ROYALTY CORP (DIV-DB.CA) has an RSI value of 34.6268. This indicates that the stock is currently neutral.
What is the MACD signal for DIV-DB stock?
The MACD indicator for DIVERSIFIED ROYALTY CORP (DIV-DB.CA) has a value of -0.0311496, indicating a bearish trend.
What are the support and resistance levels for DIVERSIFIED ROYALTY CORP (DIV-DB.CA) stock?
DIVERSIFIED ROYALTY CORP (DIV-DB.CA) has a support level at 99.75 and a resistance level at 99.97. Check the full technical report for our detailed analysis of DIV-DB.CA support and resistance levels.