DAILY JOURNAL CORP (DJCO) Stock Technical Analysis
USA - NASDAQ:DJCO - US2339121046 - Common Stock
We assign a technical rating of 0 out of 10 to DJCO. DJCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, DJCO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 411.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 405.07, a Stop Loss order could be placed below this zone.
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372.38
We found 3 important support areas.
- A support zone ranging from 399.02 to 405.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 384.75 to 385.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 376.14 to 377.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 411.96 to 415.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 422.11 to 422.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @457.49 from a trend line in the daily time frame.
- Resistance @468.91 from a trend line in the weekly time frame.
- Resistance @490.61 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 | DOWN | NEGATIVE | The long term trend for DJCO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DJCO is down. |
| ChartMill Relative Strength | 16.76 | NEGATIVE | DJCO has a low relative strength, it was outperformed by 83.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DJCO is below 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) | 46.36 | NEUTRAL | The RSI value for DJCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests DJCO has a positive trend. |
| Stochastics (14,3) | 58.61 | NEUTRAL | The Stochastics value for DJCO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for DJCO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.53 | POSITIVE | The high ADX value value for DJCO suggests a strong trend. |
408.27
+3.23 (+0.8%)
DAILY JOURNAL CORP / DJCO FAQ
What is the technical rating for DJCO stock?
ChartMill assigns a technical rating of 0 / 10 to DJCO.
What is the trend direction for DJCO stock?
The current trend direction for DAILY JOURNAL CORP (DJCO) is Bearish.
What is the RSI signal for DJCO stock?
DAILY JOURNAL CORP (DJCO) has an RSI value of 46.3604. This indicates that the stock is currently neutral.
What is the MACD signal for DJCO stock?
The MACD indicator for DAILY JOURNAL CORP (DJCO) has a value of 0.0939231, indicating a bearish trend.
What is the buy/sell signal for DJCO stock?
The buy/sell signal for DAILY JOURNAL CORP (DJCO) is sell as both the short term and long term trends are negative.