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. 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.
- 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.
- A new 52 week high is currently being made by DOCN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month DOCN has a been trading in the 72.17 - 97.87 range, which is quite wide. It is currently trading near the high of this range.
- DOCN has an average volume of 4624860 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
DOCN has an excellent technical rating, but the quality of the setup is only medium 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
57.63
4 important support areas can be observed.
- A support zone ranging from 84.15 to 85.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @77.23 from a trend line in the daily time frame.
- Support @60.93 from a trend line in the weekly time frame.
- Support @58.21 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 | 97.64 | POSITIVE | DOCN has a high relative strength, it outperformed 97.64% 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) | 62.37 | NEUTRAL | The RSI value for DOCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests DOCN has a positive trend. |
| Stochastics (14,3) | 74.98 | NEUTRAL | The Stochastics value for DOCN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.18 | HIGH VOLATILITY | The high ATR as a percentage value for DOCN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.73 | 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
94.71
+5.14 (+5.74%)
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 62.3721. 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 85.63. Check the full technical report for our detailed analysis of DOCN support and resistance levels.