DIAMEDICA THERAPEUTICS INC (DMAC) Technical Analysis
NASDAQ:DMAC • CA25253X2077
Current stock price
6.79 USD
-0.06 (-0.88%)
At close:
6.79 USD
0 (0%)
After Hours:
DMAC Technical Rating and Analysis
Taking everything into account, DMAC scores 2 out of 10 in our technical rating. 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.
- In the last month DMAC has a been trading in the 6.63 - 8.13 range, which is quite wide. It is currently trading near the lows of this range.
- DMAC is part of the Biotechnology industry. There are 517 other stocks in this industry. DMAC outperforms 70% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that DMAC is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- 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.
DMAC Weekly and Daily overview Charts
DMAC Setup Rating and Analysis
Although the technical rating is bad, DMAC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.75, a Stop Loss order could be placed below this zone.
More info and screens
DMAC Support and Resistance Analysis
4.68
8.63
4 important support areas can be observed.
- A support zone ranging from 6.75 to 6.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.63 from a trend line in the daily time frame.
- Support @5.30 from a horizontal line in the daily time frame.
- Support @4.73 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.80 to 6.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.99 to 7.00. 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 7.30 to 7.32. 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 7.90 to 7.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for DMAC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DMAC is down. |
| ChartMill Relative Strength | 87.63 | POSITIVE | DMAC has a high relative strength, it outperformed 87.63% 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) | DOWN | NEGATIVE | The current price of DMAC is below a declining 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) | 35.3 | NEUTRAL | The RSI value for DMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DMAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.9 | OVERSOLD | The low Stochastics value suggests DMAC may be oversold. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for DMAC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.75 | NEUTRAL | The ADX value for DMAC suggests a possible start of a new trend. |
DMAC 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)
DMAC Technicals: Chart, Performance Metrics, Trend & Indicators
6.79
-0.06 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.88%
1 Week0.44%
2 Weeks-6.73%
1 Month-14.59%
3 Month-17.5%
6 Month-2.16%
12 Month77.75%
2 Year145.13%
3 Year343.79%
5 Year-25.79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%6.28%
ATR Inc-41.19%
Range Today0.27
ADR(20)0.42
ADR(20)%6.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.63
3 months CRS23.05
6 months CRS52.92
Mansfield1.34
10 Day High7.41
10 Day Low6.64
20 Day High8.13
20 Day Low6.64
52 Week High10.42
52 Week Low3.19
CS1 End6.75
CR1 Start6.8
Volume & EV
DER(3)0.78%
DER(5)0.09%
Volume180.90K
Volume Incr0.22%
Vol(5)213.74K
Vol(50)220.35K
DIAMEDICA THERAPEUTICS INC / DMAC TA FAQ
What is the ChartMill technical rating of DIAMEDICA THERAPEUTICS INC (DMAC) stock?
ChartMill assigns a technical rating of 2 / 10 to DMAC.
What is the current trend direction of DIAMEDICA THERAPEUTICS INC (DMAC) stock?
The current trend direction for DIAMEDICA THERAPEUTICS INC (DMAC) is Bearish.
What is the RSI signal for DMAC stock?
DIAMEDICA THERAPEUTICS INC (DMAC) has an RSI value of 35.2954. This indicates that the stock is currently neutral.
What is the MACD signal for DIAMEDICA THERAPEUTICS INC (DMAC) stock?
The MACD indicator for DIAMEDICA THERAPEUTICS INC (DMAC) has a value of -0.0343707, indicating a bearish trend.