DNP SELECT INCOME FUND INC (DNP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNP - US23325P1049
Taking everything into account, DNP scores 5 out of 10 in our technical rating. In the last year, DNP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
DNP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.12, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.90
We found 3 important support areas.
- A support zone ranging from 9.79 to 10.12. 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 10.24. 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 | NEUTRAL | NEUTRAL | The short term trend for DNP is neutral. |
| ChartMill Relative Strength | 68.36 | NEUTRAL | DNP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DNP is above a declining 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) | 52.77 | NEUTRAL | The RSI value for DNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DNP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.93 | NEUTRAL | The Stochastics value for DNP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for DNP suggests low volalility. |
| Average Directional Index/ADX (14) | 13.53 | NEGATIVE | The low ADX value for DNP suggests a weak or negative trend. |
10.13
+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 5 / 10 to DNP.
What is the trend direction for 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 52.7668. This indicates that the stock is currently neutral.
What is the MACD signal for DNP SELECT INCOME FUND INC (DNP) stock?
The MACD indicator for DNP SELECT INCOME FUND INC (DNP) has a value of -0.00522351, indicating a bearish trend.
What are the support and resistance levels for DNP SELECT INCOME FUND INC (DNP) stock?
DNP SELECT INCOME FUND INC (DNP) has a support level at 10.12 and a resistance level at 10.23. Check the full technical report for our detailed analysis of DNP support and resistance levels.