DIGITALOCEAN HOLDINGS INC (DOCN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DOCN - US25402D1028 - Common Stock
Taking everything into account, DOCN scores 10 out of 10 in our technical rating. 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 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.
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25.65
4 important support areas can be observed.
- A support zone ranging from 50.86 to 50.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 46.82 to 48.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.18 from a horizontal 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 | 92.39 | POSITIVE | DOCN has a high relative strength, it outperformed 92.39% 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) | 65.14 | NEUTRAL | The RSI value for DOCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests DOCN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.25 | OVERBOUGHT | The high Stochastics value suggests DOCN may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for DOCN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.22 | NEGATIVE | The low ADX value for DOCN suggests a weak or negative trend. |
53.2
+0.73 (+1.39%)
DIGITALOCEAN HOLDINGS INC / DOCN 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 65.1439. 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 0.394408, indicating a bearish trend.
What is the support and resistance level for DOCN stock?
DIGITALOCEAN HOLDINGS INC (DOCN) has a support level at 50.93. Check the full technical report for our detailed analysis of DOCN support and resistance levels.