DENALI THERAPEUTICS INC (DNLI)

US24823R1059 - Common Stock

20.77  +0.89 (+4.48%)

Premarket: 20.77 0 (0%)

Technical Rating and Analysis

6

Taking everything into account, DNLI scores 6 out of 10 in our technical rating. DNLI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, DNLI is a bad performer in the overall market: 75% of all stocks are doing better.
DNLI 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
DNLI has an average volume of 1244320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DNLI is an average performer in the Biotechnology industry, it outperforms 45% of 592 stocks in the same industry.
In the last month DNLI has a been trading in the 19.24 - 21.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
DNLI Weekly chart
DNLI Daily chart
Setup Rating and Analysis

8

DNLI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 20.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • 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.
Support and Resistance Analysis

16.04

30.44

We found 2 important support areas.

  • A support zone ranging from 19.45 to 20.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @16.20 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

  • Resistance @22.41 from a trend line in the daily time frame.
  • A resistance zone ranging from 22.94 to 23.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @24.23 from a trend line in the weekly time frame.
  • Resistance @30.14 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.7
Mansfield-2.25
10 Day High21.6
10 Day Low19.24
20 Day High21.87
20 Day Low19.24
52 Week High33.31
52 Week Low15.45
Performance
1 Week-2.44%
2 Weeks-0.62%
1 Month2.77%
3 Month-3.22%
6 Month0.68%
12 Month-9.85%
2 Year-35.44%
3 Year-63.63%
5 Year-10.55%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.13
RSI(14)55.24
LBB19.3
UBB21.74
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
22.4219.442.98 (13.29%)7.52%
An entry @22.42. This is a Buy Stop order right above the resistance zone.An exit @19.44. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.98 points, which is 13.29%.When investing 7.52% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
DNLI Daily chart

DENALI THERAPEUTICS INC

NASDAQ:DNLI (3/27/2024, 8:08:50 PM)

Premarket: 20.77 0 (0%)

20.77

+0.89 (+4.48%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.48%
1 Week-2.44%
2 Weeks-0.62%
1 Month2.77%
3 Month-3.22%
6 Month0.68%
12 Month-9.85%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.01
ATR(20)%4.96%
ATR Inc
Range Today1.07
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High21.6
10 Day Low19.24
20 Day High21.87
20 Day Low19.24
52 Week High33.31
52 Week Low15.45
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume801.70K
Volume Incr-29.12%
Vol(5)1.03M
Vol(50)1.24M