DOMO INC - CLASS B (DOMO) Stock Technical Analysis
NASDAQ:DOMO - Nasdaq - US2575541055 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to DOMO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DOMO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
DOMO is part of the Software industry. There are 282 other stocks in this industry. DOMO outperforms 93% of them.
DOMO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
DOMO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that DOMO is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although DOMO has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
6.55
16.12
We found 2 important support areas.
- A support zone ranging from 14.66 to 14.80. 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 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 | 96.8 | POSITIVE | DOMO has a high relative strength, it outperformed 96.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DOMO is above 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) | 64.71 | NEUTRAL | The RSI value for DOMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests DOMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.95 | OVERBOUGHT | The high Stochastics value suggests DOMO may be overbought. |
| 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) | 31.6 | 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)
15.96
-0.17 (-1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.05%
1 Week-2.03%
2 Weeks16.2%
1 Month14.9%
3 Month112.8%
6 Month107.54%
12 Month86.67%
2 Year-10.69%
3 Year-43.02%
5 Year-50.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%4.72%
ATR Inc-35.86%
Range Today0.38
ADR(20)0.74
ADR(20)%4.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.8
Mansfield6.24
10 Day High16.57
10 Day Low13.27
20 Day High16.57
20 Day Low13.27
52 Week High16.57
52 Week Low6.01
CS1 End14.8
CR1 StartN/A
Volume & EV
DER(3)3.01%
DER(5)-0.68%
Volume397.20K
Volume Incr-9.72%
Vol(5)636.36K
Vol(50)787.51K