DMY TECHNOLOGY GROUP -CW23 (DMY.W) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DMY.W -
Taking everything into account, DMY.W scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, DMY.W has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, DMY.W also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for DMY.W 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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0.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.93 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.24 from a trend line in the weekly time frame.
- Support @1.00 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.87 from a trend 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 | UP | POSITIVE | The long term trend for DMY.W is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DMY.W is neutral. |
| ChartMill Relative Strength | 99.5 | POSITIVE | DMY.W has a high relative strength, it outperformed 99.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DMY.W is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DMY.W is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DMY.W is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.11 | NEUTRAL | The RSI value for DMY.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DMY.W has a negative trend. |
| Stochastics (14,3) | 41.76 | NEUTRAL | The Stochastics value for DMY.W is a neutral value. |
| Average True Range in percent/ATR (20) | 24.02 | HIGH VOLATILITY | The high ATR as a percentage value for DMY.W suggests high volalility. |
| Average Directional Index/ADX (14) | 17.38 | NEGATIVE | The low ADX value for DMY.W suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.23 | 1.92 | 0.31 (14.02%) | 7.13% |
| An entry @2.23. This is a Buy Stop order right above the 10 day moving average. | An exit @1.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.31 points, which is 14.02%. | When investing 7.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DMY.W. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.96
-0.04 (-2%)
DMY TECHNOLOGY GROUP -CW23 / DMY.W FAQ
What is the ChartMill technical rating of DMY TECHNOLOGY GROUP -CW23 (DMY.W) stock?
ChartMill assigns a technical rating of 9 / 10 to DMY.W.
What is the trend direction for DMY.W stock?
The current trend direction for DMY TECHNOLOGY GROUP -CW23 (DMY.W) is Bullish.
What is the RSI signal for DMY.W stock?
DMY TECHNOLOGY GROUP -CW23 (DMY.W) has an RSI value of 50.1057. This indicates that the stock is currently neutral.
What is the support and resistance level for DMY.W stock?
DMY TECHNOLOGY GROUP -CW23 (DMY.W) has a support level at 1.95 and a resistance level at 2.87. Check the full technical report for our detailed analysis of DMY.W support and resistance levels.