DORMAN PRODUCTS INC (DORM) Stock Technical Analysis
NASDAQ:DORM • US2582781009
We assign a technical rating of 3 out of 10 to DORM. In the past year, DORM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, DORM is a bad performer in the overall market: 62% of all stocks are doing better.
- DORM is part of the Automobile Components industry. There are 41 other stocks in this industry, of which 62% are performing better than DORM.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- DORM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DORM is lagging the market.
- In the last month DORM has a been trading in the 121.19 - 135.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DORM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 127.54, a Stop Loss order could be placed below this zone.
More info and screens
110.07
3 important support areas can be observed.
- A support zone ranging from 125.77 to 127.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 121.08 to 123.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @111.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 129.31 to 133.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @135.48 from a horizontal line in the daily time frame.
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 DORM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DORM is neutral. |
| ChartMill Relative Strength | 38.34 | NEUTRAL | DORM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DORM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DORM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DORM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.38 | NEUTRAL | The RSI value for DORM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests DORM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.17 | NEUTRAL | The Stochastics value for DORM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for DORM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.28 | NEUTRAL | The ADX value for DORM suggests a possible start of a new trend. |
128.64
-0.62 (-0.48%)
DORMAN PRODUCTS INC / DORM FAQ
What is the ChartMill technical rating of DORMAN PRODUCTS INC (DORM) stock?
ChartMill assigns a technical rating of 3 / 10 to DORM.
Can you provide the trend direction for DORMAN PRODUCTS INC?
The current trend direction for DORMAN PRODUCTS INC (DORM) is Bearish.
What is the RSI signal for DORM stock?
DORMAN PRODUCTS INC (DORM) has an RSI value of 51.3823. This indicates that the stock is currently neutral.
What is the short term momentum for DORM stock?
The short term momentum for DORMAN PRODUCTS INC (DORM) is neutral.