DMRC Technical Analysis - DIGIMARC CORP

Technical Rating and Analysis

Overall DMRC gets a technical rating of 0 out of 10. DMRC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, DMRC is a bad performer in the overall market: 98% of all stocks are doing better.

DMRC is part of the Software industry. There are 282 other stocks in this industry, of which 84% 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 8.06 - 10.77 range, which is quite wide. It is currently trading near the lows of this range.

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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

8.15

13.90

When analyzing the support we notice one important area.

Support @8.23 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 9.28 to 9.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 9.85 to 9.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @13.76 from a horizontal line in the weekly time frame.

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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	DOWN	NEGATIVE	The short term trend for DMRC is down.
ChartMill Relative Strength	2.85	NEGATIVE	DMRC has a low relative strength, it was outperformed by 97.15% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DMRC is below a declining 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)	41.89	NEUTRAL	The RSI value for DMRC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests DMRC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.32	OVERSOLD	The low Stochastics value suggests DMRC may be oversold.
Average True Range in percent/ATR (20)	6.43	HIGH VOLATILITY	The high ATR as a percentage value for DMRC suggests high volalility.
Average Directional Index/ADX (14)	15.39	NEGATIVE	The low ADX value for DMRC suggests a weak or negative trend.