DOMO INC - CLASS B (DOMO) Stock Technical Analysis
USA - NASDAQ:DOMO - US2575541055 - Common Stock
Taking everything into account, DOMO scores 1 out of 10 in our technical rating. DOMO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, DOMO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.90, a Stop Loss order could be placed below this zone.
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6.55
3 important support areas can be observed.
- A support zone ranging from 12.87 to 12.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.16 to 12.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.62 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.02 to 14.10. 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 | NEUTRAL | NEUTRAL | The long term trend for DOMO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DOMO is down. |
| ChartMill Relative Strength | 77.03 | POSITIVE | DOMO has a high relative strength, it outperformed 77.03% 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) | DOWN | NEGATIVE | The current price of DOMO is below a declining 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) | 39.06 | NEUTRAL | The RSI value for DOMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DOMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.51 | NEUTRAL | The Stochastics value for DOMO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for DOMO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.89 | NEGATIVE | The low ADX value for DOMO suggests a weak or negative trend. |
13.03
+0.09 (+0.7%)
DOMO INC - CLASS B / DOMO FAQ
Can you provide the ChartMill technical rating for DOMO INC - CLASS B?
ChartMill assigns a technical rating of 1 / 10 to DOMO.
Can you provide the trend direction for DOMO INC - CLASS B?
The current trend direction for DOMO INC - CLASS B (DOMO) is Bearish.
What is the RSI signal for DOMO stock?
DOMO INC - CLASS B (DOMO) has an RSI value of 39.0633. This indicates that the stock is currently neutral.
What is the support and resistance level for DOMO stock?
DOMO INC - CLASS B (DOMO) has a support level at 12.9 and a resistance level at 14.02. Check the full technical report for our detailed analysis of DOMO support and resistance levels.