DOLBY LABORATORIES INC-CL A (DLB) Stock Technical Analysis
NYSE:DLB - New York Stock Exchange, Inc. - US25659T1079 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to DLB. DLB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
72% of all other stocks performed better in the past year than DLB.
DLB 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.
DLB is part of the Software industry. There are 283 other stocks in this industry, DLB did better than 53% of them.
In the last month DLB has a been trading in the 69.23 - 77.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DLB has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
68.67
84.66
When analyzing the support we can see 2 important areas.
- Support @70.91 from a horizontal line in the daily time frame.
- Support @69.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 74.05 to 76.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @78.06 from a horizontal line in the weekly time frame.
- Resistance @81.42 from a trend line in the weekly time frame.
- Resistance @83.82 from a horizontal line in the weekly 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 DLB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DLB is down. |
| ChartMill Relative Strength | 28.42 | NEGATIVE | DLB has a low relative strength, it was outperformed by 71.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DLB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DLB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.04 | NEUTRAL | The RSI value for DLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests DLB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.28 | NEUTRAL | The Stochastics value for DLB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for DLB suggests low volalility. |
| Average Directional Index/ADX (14) | 28.34 | POSITIVE | The high ADX value value for DLB suggests a strong 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)
72.38
+0.6 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.84%
1 Week-0.29%
2 Weeks-4.88%
1 Month-2.64%
3 Month-6.69%
6 Month-13.58%
12 Month0.82%
2 Year-14.31%
3 Year-1.17%
5 Year3.62%
10 Year122.3%
15 Year30.6%
Volatility
ATR(14)1.51
ATR(20)%1.89%
ATR Inc-19.87%
Range Today0.96
ADR(20)1.24
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.42
Mansfield-1.34
10 Day High76.69
10 Day Low69.23
20 Day High77
20 Day Low69.23
52 Week High89.66
52 Week Low68.24
CS1 End70.91
CR1 Start74.05
Volume & EV
DER(3)-3.33%
DER(5)-3.56%
Volume428.80K
Volume Incr8.71%
Vol(5)381.64K
Vol(50)368.07K