Overall DNLI gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DNLI is only an average performer.
Although DNLI has an excellent technical rating, it does not present a decent entry opportunity 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.
12.91
When analyzing the support we can see 5 important areas.
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 DNLI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNLI is up. |
| ChartMill Relative Strength | 56.99 | NEUTRAL | DNLI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DNLI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DNLI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DNLI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.58 | OVERBOUGHT | The high RSI value suggests DNLI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests DNLI has a positive trend. |
| Stochastics (14,3) | 95.42 | OVERBOUGHT | The high Stochastics value suggests DNLI may be overbought. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for DNLI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.29 | NEUTRAL | The ADX value for DNLI suggests a possible start of a new trend. |
19.4
+0.27 (+1.41%)
ChartMill assigns a technical rating of 8 / 10 to DNLI.
The current trend direction for DENALI THERAPEUTICS INC (DNLI) is Bullish.
DENALI THERAPEUTICS INC (DNLI) has an RSI value of 70.5771. This indicates that the stock is currently overbought.
The MACD indicator for DENALI THERAPEUTICS INC (DNLI) has a value of 0.256976, indicating a bearish trend.
The short term momentum for DENALI THERAPEUTICS INC (DNLI) is positive.