DNP SELECT INCOME FUND INC (DNP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNP - US23325P1049
Overall DNP gets a technical rating of 3 out of 10. DNP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
DNP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.92, a Stop Loss order could be placed below this zone.
More info and screens
8.90
We found 2 important support areas.
- A support zone ranging from 9.79 to 9.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.99 to 10.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for DNP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DNP is neutral. |
| ChartMill Relative Strength | 56.85 | NEUTRAL | DNP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DNP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DNP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DNP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.77 | NEUTRAL | The RSI value for DNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DNP has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for DNP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for DNP suggests low volalility. |
| Average Directional Index/ADX (14) | 11.09 | NEGATIVE | The low ADX value for DNP suggests a weak or negative trend. |
9.94
-0.05 (-0.5%)
DNP SELECT INCOME FUND INC / DNP FAQ
Can you provide the ChartMill technical rating for DNP SELECT INCOME FUND INC?
ChartMill assigns a technical rating of 3 / 10 to DNP.
What is the current trend direction of DNP SELECT INCOME FUND INC (DNP) stock?
The current trend direction for DNP SELECT INCOME FUND INC (DNP) is Bullish.
What is the RSI signal for DNP stock?
DNP SELECT INCOME FUND INC (DNP) has an RSI value of 40.7671. This indicates that the stock is currently neutral.
What is the support and resistance level for DNP stock?
DNP SELECT INCOME FUND INC (DNP) has a support level at 9.92 and a resistance level at 9.99. Check the full technical report for our detailed analysis of DNP support and resistance levels.