DMRC Technical Analysis - DIGIMARC CORP

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to DMRC. Recently some decent action could be observed, but in the medium term time frame this is still negative. DMRC was also a bad performer in the overall market in the last year.

96% of all other stocks performed better in the past year than DMRC.

DMRC is part of the Software industry. There are 281 other stocks in this industry, of which 86% are performing better than DMRC.

DMRC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month DMRC has a been trading in the 7.76 - 10.85 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of DMRC is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.36

13.90

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 10.71 to 10.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 13.63 to 13.76. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 DMRC is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DMRC is up.
ChartMill Relative Strength	4.32	NEGATIVE	DMRC has a low relative strength, it was outperformed by 95.68% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DMRC is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DMRC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DMRC is below a declining SMA(200).
Relative Strength Index/RSI (14)	58.87	NEUTRAL	The RSI value for DMRC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.36	POSITIVE	The MACD value suggests DMRC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	91.06	OVERBOUGHT	The high Stochastics value suggests DMRC may be overbought.
Average True Range in percent/ATR (20)	5.08	HIGH VOLATILITY	The high ATR as a percentage value for DMRC suggests high volalility.
Average Directional Index/ADX (14)	22.58	NEUTRAL	The ADX value for DMRC suggests a possible start of a new trend.