DESKTOP METAL INC-A (DM) Technical Analysis
NYSE:DM • US25058X3035
Current stock price
4.96 USD
+0.05 (+1.02%)
At close:
4.91 USD
-0.05 (-1.01%)
After Hours:
DM Technical Rating and Analysis
Taking everything into account, DM scores 8 out of 10 in our technical rating. In the last year, DM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- DM is one of the better performing stocks in the Machinery industry, it outperforms 76% of 131 stocks in the same industry.
- In the last month DM has a been trading in the 1.83 - 5.09 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- DM has an average volume of 1533250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DM is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- DM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DM is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DM Weekly and Daily overview Charts
DM Setup Rating and Analysis
Although DM has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
DM Support and Resistance Analysis
2.51
5.05
We found 1 important support area.
- Support @2.54 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.00 to 5.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
DM 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 | NEUTRAL | NEUTRAL | The long term trend for DM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DM is up. |
| ChartMill Relative Strength | 85.93 | POSITIVE | DM has a high relative strength, it outperformed 85.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.76 | OVERBOUGHT | The high RSI value suggests DM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests DM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.76 | OVERBOUGHT | The high Stochastics value suggests DM may be overbought. |
| Average True Range in percent/ATR (20) | 6.4 | HIGH VOLATILITY | The high ATR as a percentage value for DM suggests high volalility. |
| Average Directional Index/ADX (14) | 34.98 | POSITIVE | The high ADX value value for DM suggests a strong trend. |
DM Chart- and CandleStick Pattern Analysis
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)
DM Technicals: Chart, Performance Metrics, Trend & Indicators
4.96
+0.05 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.02%
1 Week9.73%
2 Weeks80.36%
1 Month141.95%
3 Month63.7%
6 Month1.64%
12 Month-46.76%
2 Year-77.45%
3 Year-85.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%6.4%
ATR Inc-70.29%
Range Today0.12
ADR(20)0.23
ADR(20)%4.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.93
3 months CRSN/A
6 months CRSN/A
Mansfield1.18
10 Day High5.09
10 Day Low2.18
20 Day High5.09
20 Day Low1.84
52 Week High11.8
52 Week Low1.84
CS1 End2.54
CR1 Start5
Volume & EV
DER(3)3.98%
DER(5)4.2%
Volume1.32M
Volume Incr-23.27%
Vol(5)2.26M
Vol(50)1.53M
DESKTOP METAL INC-A / DM TA FAQ
Can you provide the ChartMill technical rating for DESKTOP METAL INC-A?
ChartMill assigns a technical rating of 8 / 10 to DM.
What is the trend direction for DM stock?
The current trend direction for DESKTOP METAL INC-A (DM) is Bearish.
What is the RSI signal for DM stock?
DESKTOP METAL INC-A (DM) has an RSI value of 79.7607. This indicates that the stock is currently overbought.
What is the short term momentum for DESKTOP METAL INC-A (DM) stock?
The short term momentum for DESKTOP METAL INC-A (DM) is positive.