DOLBY LABORATORIES INC-CL A (DLB) Stock Technical Analysis
NYSE:DLB - New York Stock Exchange, Inc. - US25659T1079 - Common Stock - Currency: USD
Taking everything into account, DLB scores 0 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
72% of all other stocks performed better in the past year than DLB.
DLB is one of the lesser performing stocks in the Software industry. 60% of 282 stocks in the same industry do better.
In the last month DLB has a been trading in the 71.82 - 76.63 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.
DLB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DLB is lagging the market.
Although the technical rating is bad, DLB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 74.61, a Stop Loss order could be placed below this zone.
More info and screens
70.20
84.70
When analyzing the support we notice one important area.
- A support zone ranging from 70.91 to 74.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 75.17 to 75.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.69 to 78.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @81.78 from a trend line in the weekly time frame.
- A resistance zone ranging from 83.82 to 83.86. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for DLB is neutral. |
| ChartMill Relative Strength | 28.94 | NEGATIVE | DLB has a low relative strength, it was outperformed by 71.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DLB is above 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) | UP | MIXED | The current price of DLB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.79 | NEUTRAL | The RSI value for DLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests DLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.46 | NEUTRAL | The Stochastics value for DLB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for DLB suggests low volalility. |
| Average Directional Index/ADX (14) | 11.72 | NEGATIVE | The low ADX value for DLB 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)
75.13
-0.04 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.05%
1 Week0.52%
2 Weeks1.46%
1 Month-0.13%
3 Month4.39%
6 Month-7.56%
12 Month-4.78%
2 Year-15.21%
3 Year-2.93%
5 Year7.95%
10 Year113.74%
15 Year18.37%
Volatility
ATR(14)1.21
ATR(20)%1.68%
ATR Inc-40.17%
Range Today0.84
ADR(20)1.22
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.94
Mansfield-0.87
10 Day High76.63
10 Day Low73.68
20 Day High76.63
20 Day Low71.82
52 Week High89.66
52 Week Low66.35
CS1 End74.61
CR1 Start75.17
Volume & EV
DER(3)-1.35%
DER(5)0.35%
Volume272.70K
Volume Incr-18.27%
Vol(5)315.34K
Vol(50)377.81K