DLPN Technical Analysis - DOLPHIN ENTERTAINMENT INC

Technical Rating and Analysis

Overall DLPN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DLPN is only an average performer.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month DLPN has a been trading in the 1.02 - 1.38 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, DLPN turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.

DLPN is an average performer in the Entertainment industry, it outperforms 54% of 80 stocks in the same industry.

DLPN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DLPN is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DOLPHIN ENTERTAINMENT INC / DLPN Weekly stock chart

DOLPHIN ENTERTAINMENT INC / DLPN Daily stock chart

Setup Rating and Analysis

Although DLPN has an excellent technical rating, it does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.04

1.39

We found 5 important support areas.

A support zone ranging from 1.24 to 1.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 1.16 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.11 from a trend line in the weekly time frame.
Support @1.07 from a trend line in the daily time frame.
Support @1.05 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.35 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 DLPN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DLPN is up.
ChartMill Relative Strength	66.92	NEUTRAL	DLPN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DLPN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DLPN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DLPN is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.88	NEUTRAL	The RSI value for DLPN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests DLPN has a positive trend.
Stochastics (14,3)	59.72	NEUTRAL	The Stochastics value for DLPN is a neutral value.
Average True Range in percent/ATR (20)	5.67	HIGH VOLATILITY	The high ATR as a percentage value for DLPN suggests high volalility.
Average Directional Index/ADX (14)	28.51	POSITIVE	The high ADX value value for DLPN suggests a strong trend.