DOMO Technical Analysis - DOMO INC - CLASS B

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to DOMO. Both in the recent history as in the last year, DOMO has proven to be a steady performer, scoring decent points in every aspect analyzed.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

DOMO is part of the Software industry. There are 281 other stocks in this industry. DOMO outperforms 87% of them.

DOMO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DOMO is lagging the market slightly.

Looking at the yearly performance, DOMO did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month DOMO has a been trading in the 13.85 - 18.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DOMO INC - CLASS B / DOMO Weekly stock chart

DOMO INC - CLASS B / DOMO Daily stock chart

Setup Rating and Analysis

DOMO 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.55

16.30

We found 5 important support areas.

A support zone ranging from 15.64 to 15.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @14.39 from a trend line in the daily time frame.
Support @14.12 from a horizontal line in the weekly time frame.
Support @13.44 from a horizontal line in the daily time frame.
A support zone ranging from 6.62 to 6.62. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 DOMO is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DOMO is neutral.
ChartMill Relative Strength	93.84	POSITIVE	DOMO has a high relative strength, it outperformed 93.84% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of DOMO is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DOMO is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DOMO is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.45	NEUTRAL	The RSI value for DOMO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests DOMO has a negative trend.
Stochastics (14,3)	29.82	NEUTRAL	The Stochastics value for DOMO is a neutral value.
Average True Range in percent/ATR (20)	4.72	MEDIUM VOLATILITY	The ATR as a percentage value for DOMO suggests some volalility.
Average Directional Index/ADX (14)	21.49	NEUTRAL	The ADX value for DOMO suggests a possible start of a new trend.