ELEMENTS DJ High Yield Select 10 ETN (DOD) Stock Technical Analysis
USA - NYSEARCA:DOD -
Taking everything into account, DOD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DOD has proven to be a steady performer, scoring decent points in every aspect analyzed.
DOD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.50, a Stop Loss order could be placed below this zone.
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22.07
4 important support areas can be observed.
- A support zone ranging from 25.47 to 25.50. 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 24.89 to 25.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.66 to 22.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @22.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.68 to 25.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 DOD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DOD is up. |
| ChartMill Relative Strength | 83.37 | POSITIVE | DOD has a high relative strength, it outperformed 83.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DOD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DOD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DOD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.28 | NEUTRAL | The RSI value for DOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DOD has a negative trend. |
| Stochastics (14,3) | 72 | NEUTRAL | The Stochastics value for DOD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for DOD suggests low volalility. |
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 |
|---|---|---|---|
| 25.83 | 25.46 | 0.37 (1.43%) | 25.00% |
| An entry @25.83. This is a Buy Stop order right above the resistance zone. | An exit @25.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.37 points, which is 1.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- The distance between exit and entry is rather small compared to the average daily movement of DOD. 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.
ELEMENTS DJ High Yield Select 10 ETN
NYSEARCA:DOD (4/12/2019, 8:04:01 PM)
25.65
-0.11 (-0.43%)
ELEMENTS DJ High Yield Select 10 ETN / DOD FAQ
What is the technical rating for DOD stock?
ChartMill assigns a technical rating of 9 / 10 to DOD.
What is the current trend direction of ELEMENTS DJ High Yield Select 10 ETN (DOD) stock?
The current trend direction for ELEMENTS DJ High Yield Select 10 ETN (DOD) is Bullish.
What is the RSI signal for ELEMENTS DJ High Yield Select 10 ETN (DOD) stock?
ELEMENTS DJ High Yield Select 10 ETN (DOD) has an RSI value of 57.2755. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ELEMENTS DJ High Yield Select 10 ETN?
The MACD indicator for ELEMENTS DJ High Yield Select 10 ETN (DOD) has a value of -0.0106562, indicating a bearish trend.
What is the buy/sell signal for ELEMENTS DJ High Yield Select 10 ETN (DOD) stock?
The buy/sell signal for ELEMENTS DJ High Yield Select 10 ETN (DOD) is buy as both the short term and long term trends are positive.