SOCIAL CAPITAL SUVRETTA HO-A (DNAD) Stock Technical Analysis
USA - NASDAQ:DNAD - KYG8253Y1052 - Common Stock
Overall DNAD gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DNAD is only an average performer.
Besides having an excellent technical rating, DNAD also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.34, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.50
2 important support areas can be observed.
- A support zone ranging from 10.26 to 10.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.60 to 9.76. 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 10.36. 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 DNAD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNAD is up. |
| ChartMill Relative Strength | 61.52 | NEUTRAL | DNAD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DNAD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DNAD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DNAD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.94 | NEUTRAL | The RSI value for DNAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DNAD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for DNAD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for DNAD suggests low volalility. |
| Average Directional Index/ADX (14) | 71.89 | POSITIVE | The high ADX value value for DNAD 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 |
|---|---|---|---|
| 10.37 | 10.31 | 0.06 (0.58%) | 25.00% |
| An entry @10.37. 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 0.06 points, which is 0.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- 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:DNAD (6/30/2023, 4:00:19 PM)
10.35
+0.01 (+0.1%)
SOCIAL CAPITAL SUVRETTA HO-A / DNAD FAQ
What is the technical rating for DNAD stock?
ChartMill assigns a technical rating of 7 / 10 to DNAD.
What is the trend direction for DNAD stock?
The current trend direction for SOCIAL CAPITAL SUVRETTA HO-A (DNAD) is Bullish.
Can you provide the RSI signal for SOCIAL CAPITAL SUVRETTA HO-A?
SOCIAL CAPITAL SUVRETTA HO-A (DNAD) has an RSI value of 64.9387. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOCIAL CAPITAL SUVRETTA HO-A?
The MACD indicator for SOCIAL CAPITAL SUVRETTA HO-A (DNAD) has a value of -0.000873382, indicating a bearish trend.
Can you provide the buy/sell signal for SOCIAL CAPITAL SUVRETTA HO-A?
The buy/sell signal for SOCIAL CAPITAL SUVRETTA HO-A (DNAD) is buy as both the short term and long term trends are positive.