DIAMEDICA THERAPEUTICS INC (DMAC) Stock Technical Analysis
USA - NASDAQ:DMAC - CA25253X2077 - Common Stock
Overall DMAC gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
DMAC has an average technical rating and the quality of the presented setup is also not ideal 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
3.75
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.91 to 5.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.79 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.07 to 7.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.28 to 7.29. This zone is formed by a combination of multiple trend lines 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 DMAC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DMAC is down. |
| ChartMill Relative Strength | 88.27 | POSITIVE | DMAC has a high relative strength, it outperformed 88.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DMAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DMAC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DMAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.25 | NEUTRAL | The RSI value for DMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests DMAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.43 | NEUTRAL | The Stochastics value for DMAC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for DMAC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.33 | NEGATIVE | The low ADX value for DMAC suggests a weak or negative trend. |
6.39
+0.33 (+5.45%)
DIAMEDICA THERAPEUTICS INC / DMAC FAQ
What is the ChartMill technical rating of DIAMEDICA THERAPEUTICS INC (DMAC) stock?
ChartMill assigns a technical rating of 6 / 10 to DMAC.
Can you provide the trend direction for DIAMEDICA THERAPEUTICS INC?
The current trend direction for DIAMEDICA THERAPEUTICS INC (DMAC) is Bullish.
What is the RSI signal for DMAC stock?
DIAMEDICA THERAPEUTICS INC (DMAC) has an RSI value of 45.2544. This indicates that the stock is currently neutral.
What is the short term momentum for DIAMEDICA THERAPEUTICS INC (DMAC) stock?
The short term momentum for DIAMEDICA THERAPEUTICS INC (DMAC) is negative.
Can you provide the support and resistance levels for DIAMEDICA THERAPEUTICS INC?
DIAMEDICA THERAPEUTICS INC (DMAC) has a support level at 5.91 and a resistance level at 7.07. Check the full technical report for our detailed analysis of DMAC support and resistance levels.