China Distance Education Holdings (DL) Technical Analysis
NYSE:DL
Current stock price
DL Technical Rating and Analysis
Overall DL gets a technical rating of 6 out of 10. Although DL is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 69% of all other stocks performed better in the past year than DL.
- Warning: DL has an average volume of 24974 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- DL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DL is lagging the market slightly.
- In the last month DL has a been trading in a tight range between 9.52 and 9.78.
DL Weekly and Daily overview Charts
DL Setup Rating and Analysis
Although the technical rating is only medium, DL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
DL Support and Resistance Analysis
8.34
3 important support areas can be observed.
- A support zone ranging from 9.57 to 9.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.36 from a trend line in the weekly time frame.
- A support zone ranging from 8.42 to 8.50. 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 9.74 to 9.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
DL Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for DL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DL is up. |
| ChartMill Relative Strength | 31.57 | NEUTRAL | DL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.48 | NEUTRAL | The RSI value for DL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DL has a positive trend. |
| Stochastics (14,3) | 76.98 | NEUTRAL | The Stochastics value for DL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for DL suggests low volalility. |
DL Chart- and CandleStick Pattern Analysis
DL Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.76 | 9.64 | 0.12 (1.23%) | 25.00% |
| An entry @9.76. This is a Buy Stop order right above the resistance zone. | An exit @9.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.12 points, which is 1.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DL Technicals: Chart, Performance Metrics, Trend & Indicators
China Distance Education Holdings
NYSE:DL (3/18/2021, 8:51:47 PM)
9.73
+0.01 (+0.1%)
China Distance Education Holdings / DL TA FAQ
Can you provide the ChartMill technical rating for China Distance Education Holdings?
ChartMill assigns a technical rating of 6 / 10 to DL.
What is the current trend direction of China Distance Education Holdings (DL) stock?
The current trend direction for China Distance Education Holdings (DL) is Bullish.
Can you provide the RSI signal for China Distance Education Holdings?
China Distance Education Holdings (DL) has an RSI value of 63.4834. This indicates that the stock is currently neutral.
Can you provide the MACD signal for China Distance Education Holdings?
The MACD indicator for China Distance Education Holdings (DL) has a value of 0.00201094, indicating a bearish trend.
Can you provide the buy/sell signal for China Distance Education Holdings?
The buy/sell signal for China Distance Education Holdings (DL) is buy as both the short term and long term trends are positive.