DNP SELECT INCOME FUND INC (DNP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNP - US23325P1049
We assign a technical rating of 1 out of 10 to DNP. DNP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of DNP 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.
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9.48
We found 2 important support areas.
- A support zone ranging from 9.79 to 9.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @9.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.92 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 | NEUTRAL | NEUTRAL | The long term trend for DNP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DNP is down. |
| ChartMill Relative Strength | 47.53 | 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 | MIXED | The current price of DNP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.61 | NEUTRAL | The RSI value for DNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DNP has a negative trend. |
| Stochastics (14,3) | 38.1 | NEUTRAL | The Stochastics value for DNP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for DNP suggests low volalility. |
| Average Directional Index/ADX (14) | 18.17 | NEGATIVE | The low ADX value for DNP suggests a weak or negative trend. |
9.83
-0.04 (-0.41%)
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 1 / 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 Bearish.
What is the RSI signal for DNP stock?
DNP SELECT INCOME FUND INC (DNP) has an RSI value of 34.6077. 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 9.82 and a resistance level at 9.92. Check the full technical report for our detailed analysis of DNP support and resistance levels.