DNLI Technical Analysis - DENALI THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to DNLI. In the last year, DNLI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

87% of all other stocks performed better in the past year than DNLI.

DNLI is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 67% are performing better than DNLI.

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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month DNLI has a been trading in the 12.58 - 16.51 range, which is quite wide. It is currently trading near the high of this range.

DNLI has an average volume of 2021460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DENALI THERAPEUTICS INC / DNLI Weekly stock chart

DENALI THERAPEUTICS INC / DNLI Daily stock chart

Setup Rating and Analysis

DNLI has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

12.74

15.66

We found 2 important support areas.

Support @14.89 from a horizontal line in the daily time frame.
A support zone ranging from 12.87 to 13.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @15.50 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for DNLI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DNLI is up.
ChartMill Relative Strength	13.23	NEGATIVE	DNLI has a low relative strength, it was outperformed by 86.77% off all stocks 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	NEGATIVE	The current price of DNLI is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.66	NEUTRAL	The RSI value for DNLI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests DNLI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	82.54	OVERBOUGHT	The high Stochastics value suggests DNLI may be overbought.
Average True Range in percent/ATR (20)	5.02	HIGH VOLATILITY	The high ATR as a percentage value for DNLI suggests high volalility.
Average Directional Index/ADX (14)	23.42	NEUTRAL	The ADX value for DNLI suggests a possible start of a new trend.