DANIMER SCIENTIFIC INC (DNMR) Stock Technical Analysis
NYSE:DNMR - New York Stock Exchange, Inc. - US2362721001 - Common Stock - Currency: USD
Taking everything into account, DNMR scores 0 out of 10 in our technical rating. DNMR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than DNMR.
DNMR is one of the lesser performing stocks in the Chemicals industry. 96% of 85 stocks in the same industry do better.
DNMR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month DNMR has a been trading in the 2.45 - 6.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of DNMR is bad and it also does not present a 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.
More info and screens
4.09
4.78
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.73 to 4.73. 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 | DOWN | NEGATIVE | The long term trend for DNMR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DNMR is down. |
| ChartMill Relative Strength | 0.48 | NEGATIVE | DNMR has a low relative strength, it was outperformed by 99.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DNMR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DNMR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DNMR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.87 | NEUTRAL | The RSI value for DNMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests DNMR has a positive trend. |
| Stochastics (14,3) | 57.45 | NEUTRAL | The Stochastics value for DNMR is a neutral value. |
| Average True Range in percent/ATR (20) | 18.53 | HIGH VOLATILITY | The high ATR as a percentage value for DNMR suggests high volalility. |
| Average Directional Index/ADX (14) | 13 | NEGATIVE | The low ADX value for DNMR suggests a weak or negative trend. |
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)
NYSE:DNMR (12/30/2024, 8:08:00 PM)
4.13
-0.59 (-12.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-12.5%
1 Week35.41%
2 Weeks-2.59%
1 Month-36.46%
3 Month-79.35%
6 Month-80.88%
12 Month-89.05%
2 Year-94.23%
3 Year-98.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%18.53%
ATR Inc92.12%
Range Today0.77
ADR(20)0.75
ADR(20)%18.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.48
Mansfield-8.49
10 Day High6.2
10 Day Low2.45
20 Day High6.51
20 Day Low2.45
52 Week High73.6
52 Week Low2.45
CS1 EndN/A
CR1 Start4.73
Volume & EV
DER(3)1.29%
DER(5)0.7%
Volume211.60K
Volume Incr131.44%
Vol(5)241.00K
Vol(50)394.05K