DIGITALOCEAN HOLDINGS INC (DOCN) Technical Analysis
NYSE:DOCN • US25402D1028
Current stock price
DOCN Technical Rating and Analysis
Overall DOCN gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, DOCN did better than 97% of all other stocks. On top of that, DOCN also shows a nice and consistent pattern of rising prices.
- 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 is trading in the upper part of its 52 week range, but not near new highs, so DOCN is leading the market.
- In the last month DOCN has a been trading in the 51.68 - 88.84 range, which is quite wide. It is currently trading near the high of this range.
- DOCN has an average volume of 3889160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
DOCN Weekly and Daily overview Charts
DOCN Setup Rating and Analysis
Although DOCN has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
DOCN Support and Resistance Analysis
52.98
When analyzing the support we can see 3 important areas.
- Support @57.23 from a trend line in the weekly time frame.
- Support @55.33 from a trend line in the daily time frame.
- Support @53.52 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @87.00 from a horizontal 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 | 97.21 | POSITIVE | DOCN has a high relative strength, it outperformed 97.21% 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) | 62.3 | NEUTRAL | The RSI value for DOCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.14 | POSITIVE | The MACD value suggests DOCN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.48 | OVERBOUGHT | The high Stochastics value suggests DOCN may be overbought. |
| Average True Range in percent/ATR (20) | 6.76 | HIGH VOLATILITY | The high ATR as a percentage value for DOCN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.61 | POSITIVE | The high ADX value value for DOCN suggests a strong trend. |
DOCN Chart- and CandleStick Pattern Analysis
DOCN Technicals: Chart, Performance Metrics, Trend & Indicators
81.42
-4.2 (-4.91%)
DIGITALOCEAN HOLDINGS INC / DOCN TA 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 62.2986. 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 1.14385, indicating a bullish trend.
What is the support and resistance level for DOCN stock?
DIGITALOCEAN HOLDINGS INC (DOCN) has a support level at 57.23 and a resistance level at 87. Check the full technical report for our detailed analysis of DOCN support and resistance levels.