DNP SELECT INCOME FUND INC (DNP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNP - US23325P1049
Taking everything into account, DNP scores 4 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.
Although the technical rating is only medium, DNP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.01, a Stop Loss order could be placed below this zone.
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8.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.79 to 10.01. 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 10.02 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 | DOWN | NEGATIVE | The short term trend for DNP is down. |
| ChartMill Relative Strength | 57.57 | 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) | UP | MIXED | The current price of DNP is below 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) | 44.73 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 17.09 | OVERSOLD | The low Stochastics value suggests DNP may be oversold. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for DNP suggests low volalility. |
| Average Directional Index/ADX (14) | 12.77 | NEGATIVE | The low ADX value for DNP suggests a weak or negative trend. |
10.01
-0.01 (-0.1%)
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 4 / 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 44.7331. 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 -0.0190875, 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 10.01 and a resistance level at 10.02. Check the full technical report for our detailed analysis of DNP support and resistance levels.