DESKTOP METAL INC-A (DM) Stock Technical Analysis
NYSE:DM - New York Stock Exchange, Inc. - US25058X3035 - Common Stock - Currency: USD
Overall DM gets a technical rating of 8 out of 10. 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
DM is one of the better performing stocks in the Machinery industry, it outperforms 79% of 128 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 trading in the upper part of its 52 week range, so DM is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DM 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.
More info and screens
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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.93
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)0.29
RSI(14)79.76
LBB1.11
UBB5.81
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
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