United States Short Oil (DNO) Technical Analysis
NYSEARCA:DNO
Current stock price
DNO Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to DNO. DNO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 91% of all other stocks performed better in the past year than DNO.
- DNO 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.
- DNO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Warning: DNO has an average volume of 5612 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
DNO Weekly and Daily overview Charts
DNO Setup Rating and Analysis
DNO has a poor technical rating and the quality of the setup is also not perfect 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
DNO Support and Resistance Analysis
43.88
When analyzing the support we notice one important area.
- A support zone ranging from 44.32 to 44.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 46.42 to 47.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.21 to 48.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 51.11 to 51.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
DNO 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 | DOWN | NEGATIVE | The long term trend for DNO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DNO is neutral. |
| ChartMill Relative Strength | 9.98 | NEGATIVE | DNO has a low relative strength, it was outperformed by 90.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DNO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DNO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DNO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.38 | NEUTRAL | The RSI value for DNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests DNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.91 | NEUTRAL | The Stochastics value for DNO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for DNO suggests low volalility. |
DNO Chart- and CandleStick Pattern Analysis
DNO Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:DNO (9/6/2018, 8:04:02 PM)
46.08
+0.3 (+0.66%)
United States Short Oil / DNO TA FAQ
Can you provide the ChartMill technical rating for United States Short Oil?
ChartMill assigns a technical rating of 0 / 10 to DNO.
Can you provide the trend direction for United States Short Oil?
The current trend direction for United States Short Oil (DNO) is Bearish.
What is the RSI signal for DNO stock?
United States Short Oil (DNO) has an RSI value of 46.3822. This indicates that the stock is currently neutral.
What is the support and resistance level for DNO stock?
United States Short Oil (DNO) has a support level at 44.93 and a resistance level at 46.42. Check the full technical report for our detailed analysis of DNO support and resistance levels.