DOMO INC - CLASS B (DOMO) Stock Technical Analysis
NASDAQ:DOMO - Nasdaq - US2575541055 - Common Stock - Currency: USD
Taking everything into account, DOMO scores 8 out of 10 in our technical rating. 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 long and short term trends are both positive. This is looking good!
DOMO is one of the better performing stocks in the Software industry, it outperforms 90% of 284 stocks in the same industry.
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.
When comparing the yearly performance of all stocks, we notice that DOMO is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month DOMO has a been trading in the 11.97 - 14.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, DOMO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
6.55
12.82
We found 3 important support areas.
- Support @12.15 from a horizontal line in the daily time frame.
- Support @6.79 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.
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 | UP | POSITIVE | The short term trend for DOMO is up. |
| ChartMill Relative Strength | 95.38 | POSITIVE | DOMO has a high relative strength, it outperformed 95.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DOMO is below a declining 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) | 54.48 | NEUTRAL | The RSI value for DOMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests DOMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.61 | NEUTRAL | The Stochastics value for DOMO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.72 | HIGH VOLATILITY | The high ATR as a percentage value for DOMO suggests high volalility. |
| Average Directional Index/ADX (14) | 40.04 | POSITIVE | The high ADX value value for DOMO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 13.04 | 12.14 | 0.90 (6.88%) | 14.53% |
| An entry @13.04. This is a Buy Stop order right above the 10 day moving average. | An exit @12.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.90 points, which is 6.88%. | When investing 14.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DOMO. 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.
12.69
-0.31 (-2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.38%
1 Week-2.98%
2 Weeks-7.71%
1 Month-1.48%
3 Month59.42%
6 Month72.18%
12 Month64.38%
2 Year-13.44%
3 Year-54.35%
5 Year-60.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%5.72%
ATR Inc42.48%
Range Today1.05
ADR(20)0.7
ADR(20)%5.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.38
Mansfield4.28
10 Day High14.05
10 Day Low11.97
20 Day High14.83
20 Day Low11.97
52 Week High14.83
52 Week Low6.01
CS1 End12.15
CR1 StartN/A
Volume & EV
DER(3)-2.15%
DER(5)-1.67%
Volume701.40K
Volume Incr-29.1%
Vol(5)721.62K
Vol(50)627.67K