DIAMEDICA THERAPEUTICS INC (DMAC) Stock Technical Analysis
NASDAQ:DMAC - Nasdaq - CA25253X2077 - Common Stock - Currency: USD
Overall DMAC gets a technical rating of 3 out of 10. Although DMAC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
DMAC is one of the better performing stocks in the Biotechnology industry, it outperforms 84% of 558 stocks in the same industry.
Looking at the yearly performance, DMAC did better than 85% of all other stocks. However, DMAC's most recent performance is quite weak.
DMAC 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 DMAC is lagging the market slightly.
In the last month DMAC has a been trading in the 3.61 - 4.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DMAC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.29
6.47
When analyzing the support we can see 4 important areas.
- Support @3.85 from a trend line in the daily time frame.
- Support @3.72 from a trend line in the weekly time frame.
- A support zone ranging from 3.65 to 3.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.24 to 4.30. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @4.65 from a horizontal line in the daily time frame.
- Resistance @6.41 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for DMAC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DMAC is neutral. |
| ChartMill Relative Strength | 85.17 | POSITIVE | DMAC has a high relative strength, it outperformed 85.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DMAC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DMAC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DMAC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.13 | NEUTRAL | The RSI value for DMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DMAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.2 | NEUTRAL | The Stochastics value for DMAC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for DMAC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.22 | NEUTRAL | The ADX value for DMAC suggests a possible start of a new trend. |
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)
4.17
+0.06 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.46%
1 Week2.71%
2 Weeks-0.71%
1 Month-1.42%
3 Month-27.73%
6 Month-22.78%
12 Month62.89%
2 Year-3.47%
3 Year106.44%
5 Year-39.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%7.58%
ATR Inc-20.51%
Range Today0.2
ADR(20)0.31
ADR(20)%7.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.17
Mansfield-0.94
10 Day High4.46
10 Day Low3.92
20 Day High4.63
20 Day Low3.61
52 Week High6.82
52 Week Low2.14
CS1 End3.85
CR1 Start4.24
Volume & EV
DER(3)-9.3%
DER(5)-9.66%
Volume97.80K
Volume Incr-5.74%
Vol(5)98.82K
Vol(50)99.32K