DIGITALOCEAN HOLDINGS INC (DOCN) Technical Analysis
NYSE:DOCN • US25402D1028
Current stock price
DOCN Technical Rating and Analysis
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 97% of all stocks. We also observe that the gains produced by DOCN over the past year are nicely spread over this period.
- DOCN is part of the IT Services industry. There are 88 other stocks in this industry. DOCN outperforms 96% of them.
- DOCN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DOCN has a been trading in the 72.17 - 99.23 range, which is quite wide. It is currently trading near the high of this range.
- DOCN has an average volume of 4564110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DOCN Weekly and Daily overview Charts
DOCN Setup Rating and Analysis
Besides having an excellent technical rating, DOCN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
DOCN Support and Resistance Analysis
58.16
When analyzing the support we can see 3 important areas.
- Support @79.50 from a trend line in the daily time frame.
- Support @60.93 from a trend line in the weekly time frame.
- Support @58.75 from a trend line in the daily time frame.
DOCN Technical Indicator Signal Analysis
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 | 97.52 | POSITIVE | DOCN has a high relative strength, it outperformed 97.52% 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) | 62.32 | NEUTRAL | The RSI value for DOCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests DOCN has a positive trend. |
| Stochastics (14,3) | 87.85 | OVERBOUGHT | The high Stochastics value suggests DOCN may be overbought. |
| Average True Range in percent/ATR (20) | 8.02 | HIGH VOLATILITY | The high ATR as a percentage value for DOCN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.65 | NEUTRAL | The ADX value for DOCN suggests a possible start of a new trend. |
DOCN Chart- and CandleStick Pattern Analysis
DOCN Technicals: Chart, Performance Metrics, Trend & Indicators
95.21
-0.65 (-0.68%)
DIGITALOCEAN HOLDINGS INC / DOCN TA FAQ
What is the technical rating for DOCN stock?
ChartMill assigns a technical rating of 10 / 10 to DOCN.
What is the current trend direction of DIGITALOCEAN HOLDINGS INC (DOCN) stock?
The current trend direction for DIGITALOCEAN HOLDINGS INC (DOCN) is Bullish.
What is the RSI signal for DOCN stock?
DIGITALOCEAN HOLDINGS INC (DOCN) has an RSI value of 62.3233. This indicates that the stock is currently neutral.
What is the buy/sell signal for DIGITALOCEAN HOLDINGS INC (DOCN) stock?
The buy/sell signal for DIGITALOCEAN HOLDINGS INC (DOCN) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DIGITALOCEAN HOLDINGS INC (DOCN) stock?
DIGITALOCEAN HOLDINGS INC (DOCN) has a support level at 79.5. Check the full technical report for our detailed analysis of DOCN support and resistance levels.