DIGIMARC CORP (DMRC) Stock Technical Analysis
NASDAQ:DMRC - Nasdaq - US25381B1017 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to DMRC. DMRC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, DMRC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DMRC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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12.31
When analyzing the support we notice one important area.
- A support zone ranging from 12.43 to 12.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 13.03 to 13.28. 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 13.69 to 13.76. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @14.02 from a trend line in the daily time frame.
- Resistance @14.35 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 | 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 | 5.59 | NEGATIVE | DMRC has a low relative strength, it was outperformed by 94.41% 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) | UP | MIXED | The current price of DMRC is below the rising 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) | 45.53 | NEUTRAL | The RSI value for DMRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DMRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.38 | OVERSOLD | The low Stochastics value suggests DMRC may be oversold. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for DMRC suggests some volalility. |
| Average Directional Index/ADX (14) | 8.88 | NEGATIVE | The low ADX value for DMRC suggests a weak or negative trend. |
12.72
+0.18 (+1.44%)