DAILY JOURNAL CORP (DJCO) Stock Technical Analysis
NASDAQ:DJCO - Nasdaq - US2339121046 - Common Stock - Currency: USD
Overall DJCO gets a technical rating of 2 out of 10. DJCO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
DJCO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DJCO has a been trading in the 385.91 - 443.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, DJCO turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
DJCO is an average performer in the Software industry, it outperforms 42% of 281 stocks in the same industry.
DJCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 405.04, a Stop Loss order could be placed below this zone.
More info and screens
361.99
448.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 389.50 to 405.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 376.14 to 377.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @365.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 407.19 to 417.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 432.01 to 443.60. This zone is formed by a combination of multiple trend lines 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 DJCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DJCO is neutral. |
| ChartMill Relative Strength | 41.57 | NEUTRAL | DJCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DJCO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DJCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DJCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.61 | NEUTRAL | The RSI value for DJCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests DJCO has a positive trend. |
| Stochastics (14,3) | 55.79 | NEUTRAL | The Stochastics value for DJCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for DJCO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.33 | NEGATIVE | The low ADX value for DJCO suggests a weak or negative trend. |
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)
405.66
-3.84 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.94%
1 Week1.75%
2 Weeks2.68%
1 Month-3.19%
3 Month6.39%
6 Month-1.08%
12 Month-2.25%
2 Year40.11%
3 Year50.08%
5 Year42.84%
10 Year98.08%
15 Year485.79%
Volatility
ATR(14)11.09
ATR(20)%3.22%
ATR Inc11.66%
Range Today11.29
ADR(20)12.79
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.57
Mansfield-1.82
10 Day High418.38
10 Day Low386.72
20 Day High443.5
20 Day Low385.91
52 Week High602
52 Week Low359.34
CS1 End405.04
CR1 Start407.19
Volume & EV
DER(3)1.84%
DER(5)1.57%
Volume76.70K
Volume Incr-22.47%
Vol(5)49.74K
Vol(50)62.03K