DIAMEDICA THERAPEUTICS INC (DMAC) Technical Analysis
NASDAQ:DMAC • CA25253X2077
Current stock price
DMAC Technical Rating and Analysis
Overall DMAC gets a technical rating of 1 out of 10. DMAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month DMAC has a been trading in the 5.71 - 7.04 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the performance of all stocks over the past year, DMAC turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- DMAC is part of the Biotechnology industry. There are 515 other stocks in this industry, DMAC did better than 54% of them.
- DMAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DMAC is lagging the market.
DMAC Weekly and Daily overview Charts
DMAC Setup Rating and Analysis
DMAC has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
DMAC Support and Resistance Analysis
4.81
When analyzing the support we can see 3 important areas.
- Support @6.16 from a trend line in the weekly time frame.
- A support zone ranging from 5.92 to 5.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 6.27 to 6.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.86 to 7.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.48 from a trend line in the weekly time frame.
- Resistance @7.87 from a trend line in the daily time frame.
- Resistance @8.54 from a horizontal line in the daily time frame.
DMAC 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 DMAC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DMAC is down. |
| ChartMill Relative Strength | 61.33 | NEUTRAL | DMAC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of DMAC is below 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) | 41.39 | NEUTRAL | The RSI value for DMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DMAC has a positive trend. |
| Stochastics (14,3) | 22.92 | NEUTRAL | The Stochastics value for DMAC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for DMAC suggests high volalility. |
| Average Directional Index/ADX (14) | 16.65 | NEGATIVE | The low ADX value for DMAC suggests a weak or negative trend. |
DMAC Chart- and CandleStick Pattern Analysis
DMAC Technicals: Chart, Performance Metrics, Trend & Indicators
6.18
+0.13 (+2.15%)
DIAMEDICA THERAPEUTICS INC / DMAC TA FAQ
What is the ChartMill technical rating of DIAMEDICA THERAPEUTICS INC (DMAC) stock?
ChartMill assigns a technical rating of 1 / 10 to DMAC.
What is the trend direction for DMAC stock?
The current trend direction for DIAMEDICA THERAPEUTICS INC (DMAC) is Bearish.
What is the RSI signal for DIAMEDICA THERAPEUTICS INC (DMAC) stock?
DIAMEDICA THERAPEUTICS INC (DMAC) has an RSI value of 41.3943. This indicates that the stock is currently neutral.
What is the short term momentum for DMAC stock?
The short term momentum for DIAMEDICA THERAPEUTICS INC (DMAC) is negative.
What is the support and resistance level for DMAC stock?
DIAMEDICA THERAPEUTICS INC (DMAC) has a support level at 6.16 and a resistance level at 6.27. Check the full technical report for our detailed analysis of DMAC support and resistance levels.