DIGITALOCEAN HOLDINGS INC (DOCN) Stock Technical Analysis
NYSE:DOCN - New York Stock Exchange, Inc. - US25402D1028 - Common Stock - Currency: USD
Overall DOCN gets a technical rating of 1 out of 10. DOCN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
86% of all other stocks performed better in the past year than DOCN.
DOCN is part of the IT Services industry. There are 82 other stocks in this industry, of which 75% are performing better than DOCN.
DOCN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
DOCN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
DOCN has an average volume of 1496610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, DOCN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
25.65
30.37
2 important support areas can be observed.
- Support @26.78 from a horizontal line in the weekly time frame.
- Support @25.91 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.09 to 28.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.80 to 30.07. 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 | DOWN | NEGATIVE | The long term trend for DOCN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DOCN is down. |
| ChartMill Relative Strength | 14.02 | NEGATIVE | DOCN has a low relative strength, it was outperformed by 85.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DOCN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DOCN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DOCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.57 | NEUTRAL | The RSI value for DOCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DOCN has a positive trend. |
| Stochastics (14,3) | 29.96 | NEUTRAL | The Stochastics value for DOCN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for DOCN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.88 | NEUTRAL | The ADX value for DOCN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
28.08
+0.19 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.68%
1 Week-0.25%
2 Weeks-3.04%
1 Month0.32%
3 Month-17.82%
6 Month-19.59%
12 Month-19.19%
2 Year-30.04%
3 Year-32.11%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.07
ATR(20)%3.97%
ATR Inc-13.28%
Range Today0.71
ADR(20)1.03
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.02
Mansfield-2.56
10 Day High29.84
10 Day Low26.75
20 Day High30.19
20 Day Low26.75
52 Week High47.02
52 Week Low25.45
CS1 End26.78
CR1 Start28.09
Volume & EV
DER(3)-1.58%
DER(5)1.58%
Volume1.40M
Volume Incr-3.75%
Vol(5)1.45M
Vol(50)1.50M