We assign a technical rating of 10 out of 10 to DMAC. Both in the recent history as in the last year, DMAC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although DMAC 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
5.25
When analyzing the support we can see 4 important areas.
- Support @8.62 from a trend line in the daily time frame.
- Support @7.97 from a horizontal line in the daily time frame.
- Support @5.71 from a trend line in the daily time frame.
- Support @5.30 from a horizontal line 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 | UP | POSITIVE | The short term trend for DMAC is up. |
| ChartMill Relative Strength | 93.72 | POSITIVE | DMAC has a high relative strength, it outperformed 93.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DMAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DMAC is above 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) | 64.49 | NEUTRAL | The RSI value for DMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests DMAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.43 | OVERBOUGHT | The high Stochastics value suggests DMAC may be overbought. |
| Average True Range in percent/ATR (20) | 7.4 | HIGH VOLATILITY | The high ATR as a percentage value for DMAC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.31 | NEUTRAL | The ADX value for DMAC suggests a possible start of a new trend. |
8.78
+0.15 (+1.74%)
DIAMEDICA THERAPEUTICS INC / DMAC FAQ
What is the ChartMill technical rating of DIAMEDICA THERAPEUTICS INC (DMAC) stock?
ChartMill assigns a technical rating of 10 / 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 64.4868. 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 positive.
Can you provide the support and resistance levels for DIAMEDICA THERAPEUTICS INC?
DIAMEDICA THERAPEUTICS INC (DMAC) has a support level at 8.62. Check the full technical report for our detailed analysis of DMAC support and resistance levels.