DM Technical Analysis - DATAMETREX AI LTD

Technical Rating and Analysis

Overall DM gets a technical rating of 4 out of 10. In the past year, DM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, DM is a bad performer in the overall market: 92% of all stocks are doing better.

DM is part of the IT Services industry. There are 12 other stocks in this industry, of which 81% are performing better than DM.

DM 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.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month DM has a been trading in the 0.08 - 0.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DATAMETREX AI LTD / DM Weekly stock chart

DATAMETREX AI LTD / DM Daily stock chart

Setup Rating and Analysis

DM has an average technical rating and also the quality of the setup is only medium 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

0.07

0.10

We found 3 important support areas.

A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.07 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for DM.CA is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DM.CA is up.
ChartMill Relative Strength	8.99	NEGATIVE	DM.CA has a low relative strength, it was outperformed by 91.01% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DM.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DM.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DM.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.38	NEUTRAL	The RSI value for DM.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests DM.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	50	NEUTRAL	The Stochastics value for DM.CA is a neutral value.
Average True Range in percent/ATR (20)	7.37	HIGH VOLATILITY	The high ATR as a percentage value for DM.CA suggests high volalility.
Average Directional Index/ADX (14)	12.34	NEGATIVE	The low ADX value for DM.CA suggests a weak or negative trend.