DIGITALOCEAN HOLDINGS INC (DOCN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DOCN - US25402D1028 - Common Stock
We assign a technical rating of 9 out of 10 to DOCN. Both in the recent history as in the last year, DOCN has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 a resistance zone just above the current price starting at 44.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.81, a Stop Loss order could be placed below this zone.
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25.65
When analyzing the support we can see 4 important areas.
- A support zone ranging from 40.58 to 41.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.93 from a horizontal line in the daily time frame.
- Support @37.29 from a horizontal line in the daily time frame.
- Support @25.91 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 44.93 to 45.18. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 87.99 | POSITIVE | DOCN has a high relative strength, it outperformed 87.99% 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) | UP | POSITIVE | The current price of DOCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DOCN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.79 | NEUTRAL | The RSI value for DOCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests DOCN has a negative trend. |
| Stochastics (14,3) | 28.22 | NEUTRAL | The Stochastics value for DOCN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.77 | HIGH VOLATILITY | The high ATR as a percentage value for DOCN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.17 | NEGATIVE | The low ADX value for DOCN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.19 | 41.95 | 3.24 (7.17%) | 13.95% |
| An entry @45.19. This is a Buy Stop order right above the resistance zone. | An exit @41.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.24 points, which is 7.17%. | For a 1.00% total portfolio risk, you can invest 13.95% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DOCN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.52
-0.61 (-1.35%)
DIGITALOCEAN HOLDINGS INC / DOCN FAQ
What is the technical rating for DOCN stock?
ChartMill assigns a technical rating of 9 / 10 to DOCN.
What is the trend direction for DOCN stock?
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 52.7869. This indicates that the stock is currently neutral.
What is the MACD signal for DOCN stock?
The MACD indicator for DIGITALOCEAN HOLDINGS INC (DOCN) has a value of -0.406798, indicating a bearish trend.
Can you provide the buy/sell signal for DIGITALOCEAN HOLDINGS INC?
The buy/sell signal for DIGITALOCEAN HOLDINGS INC (DOCN) is buy as both the short term and long term trends are positive.