We assign a technical rating of 3 out of 10 to DLPN. DLPN has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month DLPN has a been trading in the 1.49 - 1.87 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- DLPN is one of the better performing stocks in the Entertainment industry, it outperforms 81% of 80 stocks in the same industry.
- DLPN 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 DLPN is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that DLPN is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although the technical rating is bad, DLPN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.52, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.42 from a trend line in the daily time frame.
- Support @1.37 from a horizontal line in the weekly time frame.
- Support @1.32 from a horizontal line in the daily time frame.
- Support @1.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.56 to 1.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.76 from a trend line in the weekly time frame.
- Resistance @1.82 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for DLPN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DLPN is neutral. |
| ChartMill Relative Strength | 73.56 | POSITIVE | DLPN has a high relative strength, it outperformed 73.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DLPN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DLPN is below a declining 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) | 45.72 | NEUTRAL | The RSI value for DLPN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DLPN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.48 | OVERSOLD | The low Stochastics value suggests DLPN may be oversold. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for DLPN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.89 | NEUTRAL | The ADX value for DLPN suggests a possible start of a new trend. |
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DOLPHIN ENTERTAINMENT INC / DLPN FAQ
What is the ChartMill technical rating of DOLPHIN ENTERTAINMENT INC (DLPN) stock?
ChartMill assigns a technical rating of 3 / 10 to DLPN.
What is the current trend direction of DOLPHIN ENTERTAINMENT INC (DLPN) stock?
The current trend direction for DOLPHIN ENTERTAINMENT INC (DLPN) is Bullish.
Can you provide the RSI signal for DOLPHIN ENTERTAINMENT INC?
DOLPHIN ENTERTAINMENT INC (DLPN) has an RSI value of 45.7184. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for DOLPHIN ENTERTAINMENT INC?
DOLPHIN ENTERTAINMENT INC (DLPN) has a support level at 1.52 and a resistance level at 1.56. Check the full technical report for our detailed analysis of DLPN support and resistance levels.