GINKGO BIOWORKS HOLDINGS INC (DNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNA - US37611X2099 - Common Stock
Taking everything into account, DNA scores 1 out of 10 in our technical rating. DNA 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 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.
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5.59
We found 2 important support areas.
- Support @8.02 from a horizontal line in the weekly time frame.
- Support @5.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.11 to 8.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.12 from a trend line in the daily time frame.
- Resistance @10.62 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 | DOWN | NEGATIVE | The long term trend for DNA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DNA is down. |
| ChartMill Relative Strength | 13.19 | NEGATIVE | DNA has a low relative strength, it was outperformed by 86.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DNA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DNA is below 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) | 35.57 | NEUTRAL | The RSI value for DNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DNA has a negative trend. |
| Stochastics (14,3) | 2.94 | OVERSOLD | The low Stochastics value suggests DNA may be oversold. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for DNA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for DNA suggests a weak or negative trend. |
8.1
-0.14 (-1.7%)
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 1 / 10 to DNA.
What is the current trend direction of GINKGO BIOWORKS HOLDINGS INC (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 35.5692. 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 -0.00711704, indicating a bearish trend.
Can you provide the support and resistance levels for GINKGO BIOWORKS HOLDINGS INC?
GINKGO BIOWORKS HOLDINGS INC (DNA) has a support level at 8.02 and a resistance level at 8.11. Check the full technical report for our detailed analysis of DNA support and resistance levels.