DLOCAL LTD (DLO) Stock Technical Analysis
USA - NASDAQ:DLO - KYG290181018 - Common Stock
We assign a technical rating of 6 out of 10 to DLO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
DLO has an average technical rating and the quality of the presented setup is also not ideal 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.
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7.89
When analyzing the support we can see 5 important areas.
- A support zone ranging from 13.58 to 13.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.98 from a trend line in the daily time frame.
- Support @11.70 from a trend line in the weekly time frame.
- Support @8.95 from a trend line in the weekly time frame.
- Support @7.97 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @15.28 from a trend line in the weekly time frame.
- A resistance zone ranging from 15.66 to 15.84. 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 | UP | POSITIVE | The long term trend for DLO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DLO is neutral. |
| ChartMill Relative Strength | 78.29 | POSITIVE | DLO has a high relative strength, it outperformed 78.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DLO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DLO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DLO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.05 | NEUTRAL | The RSI value for DLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests DLO has a negative trend. |
| Stochastics (14,3) | 47.87 | NEUTRAL | The Stochastics value for DLO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for DLO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.95 | NEGATIVE | The low ADX value for DLO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 14.20 | 13.57 | 0.63 (4.43%) | 22.57% |
| An entry @14.20. This is a Buy Stop order right above the 10 day moving average. | An exit @13.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.63 points, which is 4.43%. | For a 1.00% total portfolio risk, you can invest 22.57% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DLO. Please evaluate whether better entry and exit points can be found.
- 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.
13.85
-1.01 (-6.8%)
DLOCAL LTD / DLO FAQ
What is the technical rating for DLO stock?
ChartMill assigns a technical rating of 6 / 10 to DLO.
Can you provide the trend direction for DLOCAL LTD?
The current trend direction for DLOCAL LTD (DLO) is Bullish.
What is the RSI signal for DLO stock?
DLOCAL LTD (DLO) has an RSI value of 43.0508. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DLOCAL LTD?
The MACD indicator for DLOCAL LTD (DLO) has a value of -0.085844, indicating a bearish trend.
Can you provide the support and resistance levels for DLOCAL LTD?
DLOCAL LTD (DLO) has a support level at 13.8 and a resistance level at 15.28. Check the full technical report for our detailed analysis of DLO support and resistance levels.