GINKGO BIOWORKS HOLDINGS INC (DNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNA - US37611X2099 - Common Stock
Taking everything into account, DNA scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. DNA was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, DNA is a bad performer in the overall market: 86% of all stocks are doing better.
- DNA is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, of which 76% are performing better than DNA.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month DNA has a been trading in the 8.07 - 10.42 range, which is quite wide. It is currently trading near the high of this range.
- DNA has an average volume of 1058130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DNA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DNA is lagging the market.
The technical rating of DNA 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.
More info and screens
5.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.14 to 8.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.65 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.56 to 9.59. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @9.91 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 | NEUTRAL | NEUTRAL | The long term trend for DNA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNA is up. |
| ChartMill Relative Strength | 14.34 | NEGATIVE | DNA has a low relative strength, it was outperformed by 85.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DNA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DNA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.46 | NEUTRAL | The RSI value for DNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests DNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.71 | NEUTRAL | The Stochastics value for DNA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for DNA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.8 | NEUTRAL | The ADX value for DNA suggests a possible start of a new trend. |
9.55
-0.03 (-0.31%)
GINKGO BIOWORKS HOLDINGS INC / DNA FAQ
What is the ChartMill technical rating of GINKGO BIOWORKS HOLDINGS INC (DNA) stock?
ChartMill assigns a technical rating of 3 / 10 to DNA.
What is the trend direction for DNA stock?
The current trend direction for GINKGO BIOWORKS HOLDINGS INC (DNA) is Bearish.
What is the RSI signal for GINKGO BIOWORKS HOLDINGS INC (DNA) stock?
GINKGO BIOWORKS HOLDINGS INC (DNA) has an RSI value of 55.4617. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GINKGO BIOWORKS HOLDINGS INC?
The MACD indicator for GINKGO BIOWORKS HOLDINGS INC (DNA) has a value of 0.136981, indicating a bearish trend.
What is the support and resistance level for DNA stock?
GINKGO BIOWORKS HOLDINGS INC (DNA) has a support level at 8.18 and a resistance level at 9.56. Check the full technical report for our detailed analysis of DNA support and resistance levels.