DNP SELECT INCOME FUND INC (DNP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNP - US23325P1049
Overall DNP gets a technical rating of 7 out of 10. Although DNP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- DNP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DNP is lagging the market slightly.
- When comparing the performance of all stocks over the past year, DNP turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- In the last month DNP has a been trading in a tight range between 9.69 and 10.11.
DNP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.05, a Stop Loss order could be placed below this zone.
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8.90
3 important support areas can be observed.
- A support zone ranging from 9.79 to 10.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @9.58 from a horizontal line in the daily time frame.
- Support @8.99 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.23 to 10.34. 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 | UP | POSITIVE | The long term trend for DNP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNP is up. |
| ChartMill Relative Strength | 52.61 | NEUTRAL | DNP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DNP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DNP is above the rising 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) | 55.38 | NEUTRAL | The RSI value for DNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DNP has a positive trend. |
| Stochastics (14,3) | 84.8 | OVERBOUGHT | The high Stochastics value suggests DNP may be overbought. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for DNP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.52 | NEGATIVE | The low ADX value for DNP suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.10 | 9.79 | 0.31 (3.07%) | 25.00% |
| An entry @10.10. This is a Buy Stop order right above the 10 day high. | An exit @9.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.06
+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 7 / 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 55.3777. This indicates that the stock is currently neutral.
What is the buy/sell signal for DNP stock?
The buy/sell signal for DNP SELECT INCOME FUND INC (DNP) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for DNP SELECT INCOME FUND INC?
DNP SELECT INCOME FUND INC (DNP) has a support level at 10.05 and a resistance level at 10.23. Check the full technical report for our detailed analysis of DNP support and resistance levels.