DIGITALOCEAN HOLDINGS INC (DOCN) Stock Technical Analysis
NYSE:DOCN • US25402D1028
We assign a technical rating of 10 out of 10 to DOCN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DOCN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DOCN is one of the better performing stocks in the market, outperforming 92% of all stocks.
- DOCN is one of the better performing stocks in the IT Services industry, it outperforms 96% of 87 stocks in the same industry.
- DOCN 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 DOCN is lagging the market slightly.
- In the last month DOCN has a been trading in the 53.15 - 70.43 range, which is quite wide. It is currently trading near the high of this range.
- DOCN has an average volume of 2488600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DOCN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
52.13
We found 2 important support areas.
- Support @56.45 from a trend line in the daily time frame.
- Support @52.66 from a trend line in the daily time frame.
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 DOCN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DOCN is up. |
| ChartMill Relative Strength | 92.27 | POSITIVE | DOCN has a high relative strength, it outperformed 92.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DOCN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DOCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DOCN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.69 | NEUTRAL | The RSI value for DOCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests DOCN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.34 | NEUTRAL | The Stochastics value for DOCN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.08 | HIGH VOLATILITY | The high ATR as a percentage value for DOCN suggests high volalility. |
| Average Directional Index/ADX (14) | 33.32 | POSITIVE | The high ADX value value for DOCN suggests a strong trend. |
63.63
-4.55 (-6.67%)
DIGITALOCEAN HOLDINGS INC / DOCN FAQ
What is the technical rating for DOCN stock?
ChartMill assigns a technical rating of 10 / 10 to DOCN.
Can you provide the trend direction for DIGITALOCEAN HOLDINGS INC?
The current trend direction for DIGITALOCEAN HOLDINGS INC (DOCN) is Bullish.
Can you provide the RSI signal for DIGITALOCEAN HOLDINGS INC?
DIGITALOCEAN HOLDINGS INC (DOCN) has an RSI value of 56.6909. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIGITALOCEAN HOLDINGS INC?
The MACD indicator for DIGITALOCEAN HOLDINGS INC (DOCN) has a value of 0.213942, indicating a bearish trend.
What is the support and resistance level for DOCN stock?
DIGITALOCEAN HOLDINGS INC (DOCN) has a support level at 56.45. Check the full technical report for our detailed analysis of DOCN support and resistance levels.