GINKGO BIOWORKS HOLDINGS INC (DNA) Stock Technical Analysis
NYSE:DNA • US37611X2099
Overall DNA gets a technical rating of 0 out of 10. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 86% of all other stocks performed better in the past year than DNA.
- DNA is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, of which 66% are performing better than DNA.
- DNA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month DNA has a been trading in the 6.68 - 10.38 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- DNA has an average volume of 1060250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of DNA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.59
When analyzing the support we notice one important area.
- Support @5.65 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.97 to 9.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for DNA is neutral. |
| ChartMill Relative Strength | 14.7 | NEGATIVE | DNA has a low relative strength, it was outperformed by 85.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DNA is below a declining 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) | DOWN | NEGATIVE | The current price of DNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.39 | NEUTRAL | The RSI value for DNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests DNA has a negative trend. |
| Stochastics (14,3) | 41.81 | NEUTRAL | The Stochastics value for DNA is a neutral value. |
| Average True Range in percent/ATR (20) | 13.25 | HIGH VOLATILITY | The high ATR as a percentage value for DNA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.32 | NEGATIVE | The low ADX value for DNA suggests a weak or negative trend. |
6.75
-2.96 (-30.48%)
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 0 / 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 34.3914. 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 -0.138137, indicating a bearish trend.
What is the support and resistance level for DNA stock?
GINKGO BIOWORKS HOLDINGS INC (DNA) has a support level at 5.65 and a resistance level at 8.97. Check the full technical report for our detailed analysis of DNA support and resistance levels.