DIAMEDICA THERAPEUTICS INC (DMAC) Stock Technical Analysis
NASDAQ:DMAC - Nasdaq - CA25253X2077 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to DMAC. In the last year, DMAC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, DMAC did better than 93% of all other stocks.
DMAC is part of the Biotechnology industry. There are 550 other stocks in this industry. DMAC outperforms 84% of them.
DMAC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DMAC is lagging the market slightly.
In the last month DMAC has a been trading in the 4.01 - 6.40 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DMAC has an excellent technical rating, it does not present a decent entry opportunity 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
3.59
6.61
3 important support areas can be observed.
- Support @4.37 from a trend line in the daily time frame.
- Support @3.72 from a trend line in the weekly time frame.
- Support @3.63 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @6.54 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 | NEUTRAL | NEUTRAL | The long term trend for DMAC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DMAC is up. |
| ChartMill Relative Strength | 93.23 | POSITIVE | DMAC has a high relative strength, it outperformed 93.23% 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) | 72.15 | OVERBOUGHT | The high RSI value suggests DMAC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests DMAC has a positive trend. |
| Stochastics (14,3) | 83.79 | OVERBOUGHT | The high Stochastics value suggests DMAC may be overbought. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for DMAC suggests high volalility. |
| Average Directional Index/ADX (14) | 32.6 | POSITIVE | The high ADX value value for DMAC suggests a strong 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)
6.03
+0.02 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.33%
1 Week29.12%
2 Weeks46.36%
1 Month44.26%
3 Month43.57%
6 Month-4.13%
12 Month67.5%
2 Year104.41%
3 Year240.68%
5 Year26.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%7.83%
ATR Inc-59.14%
Range Today0.14
ADR(20)0.46
ADR(20)%7.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.23
Mansfield1.75
10 Day High6.4
10 Day Low4.15
20 Day High6.4
20 Day Low4.01
52 Week High6.82
52 Week Low3.19
CS1 End4.37
CR1 Start6.54
Volume & EV
DER(3)2.18%
DER(5)1.93%
Volume125.50K
Volume Incr-10.07%
Vol(5)406.18K
Vol(50)361.65K