DIGITALOCEAN HOLDINGS INC (DOCN) Stock Technical Analysis
USA - NYSE:DOCN - US25402D1028 - Common Stock
We assign a technical rating of 9 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.
Although DOCN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
25.65
2 important support areas can be observed.
- Support @38.91 from a trend line in the daily time frame.
- Support @25.91 from a horizontal line 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 | 89.16 | POSITIVE | DOCN has a high relative strength, it outperformed 89.16% 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) | 67.07 | NEUTRAL | The RSI value for DOCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests DOCN has a positive trend. |
| Stochastics (14,3) | 60.89 | NEUTRAL | The Stochastics value for DOCN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for DOCN suggests high volalility. |
| Average Directional Index/ADX (14) | 25.27 | POSITIVE | The high ADX value value for DOCN suggests a strong trend. |
47.08
+1.27 (+2.77%)
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 67.0676. 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 0.434436, 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.