We assign a technical rating of 7 out of 10 to DNAB. Although DNAB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
DNAB has an excellent technical rating, but the quality of the setup is only medium 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
9.51
We found 2 important support areas.
- A support zone ranging from 10.14 to 10.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.61 to 9.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.36 to 10.37. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for DNAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNAB is up. |
| ChartMill Relative Strength | 61.51 | NEUTRAL | DNAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DNAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DNAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DNAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.6 | OVERBOUGHT | The high RSI value suggests DNAB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DNAB has a positive trend. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for DNAB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for DNAB suggests low volalility. |
| Average Directional Index/ADX (14) | 72.3 | POSITIVE | The high ADX value value for DNAB suggests a strong 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 |
|---|---|---|---|
| 10.38 | 10.31 | 0.07 (0.67%) | 25.00% |
| An entry @10.38. This is a Buy Stop order right above the resistance zone. | An exit @10.31. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.67%. | For a 0.17% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NASDAQ:DNAB (6/30/2023, 8:08:49 PM)
10.35
+0.01 (+0.1%)
SOCIAL CAPITAL SUVRETTA HO-A / DNAB FAQ
What is the ChartMill technical rating of SOCIAL CAPITAL SUVRETTA HO-A (DNAB) stock?
ChartMill assigns a technical rating of 7 / 10 to DNAB.
Can you provide the trend direction for SOCIAL CAPITAL SUVRETTA HO-A?
The current trend direction for SOCIAL CAPITAL SUVRETTA HO-A (DNAB) is Bullish.
What is the RSI signal for DNAB stock?
SOCIAL CAPITAL SUVRETTA HO-A (DNAB) has an RSI value of 71.6042. This indicates that the stock is currently overbought.
Can you provide the short term momentum for SOCIAL CAPITAL SUVRETTA HO-A?
The short term momentum for SOCIAL CAPITAL SUVRETTA HO-A (DNAB) is positive.
What is the support and resistance level for DNAB stock?
SOCIAL CAPITAL SUVRETTA HO-A (DNAB) has a support level at 10.33 and a resistance level at 10.36. Check the full technical report for our detailed analysis of DNAB support and resistance levels.