DORMAN PRODUCTS INC (DORM) Stock Technical Analysis
NASDAQ:DORM - Nasdaq - US2582781009 - Common Stock - Currency: USD
Overall DORM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DORM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that DORM is one of the better performing stocks in the market, outperforming 88% of all stocks.
DORM is part of the Automobile Components industry. There are 80 other stocks in this industry. DORM outperforms 78% of them.
DORM 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.
DORM 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.
Besides having an excellent technical rating, DORM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
119.87
155.59
We found 3 important support areas.
- A support zone ranging from 152.46 to 154.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @126.99 from a horizontal line in the daily time frame.
- A support zone ranging from 121.08 to 121.81. 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 DORM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DORM is up. |
| ChartMill Relative Strength | 88.13 | POSITIVE | DORM has a high relative strength, it outperformed 88.13% off all stocks 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 | POSITIVE | The current price of DORM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.36 | OVERBOUGHT | The high RSI value suggests DORM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.94 | POSITIVE | The MACD value suggests DORM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.39 | OVERBOUGHT | The high Stochastics value suggests DORM may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for DORM suggests some volalility. |
| Average Directional Index/ADX (14) | 41.19 | POSITIVE | The high ADX value value for DORM 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 |
|---|---|---|---|
| 157.60 | 152.45 | 5.15 (3.27%) | 25.00% |
| An entry @157.60. This is a Buy Stop order right above the 10 day high. | An exit @152.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.15 points, which is 3.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The distance between exit and entry is rather small compared to the average daily movement of DORM. 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.
154.05
-0.74 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.48%
1 Week-1.41%
2 Weeks9.19%
1 Month25.23%
3 Month23.18%
6 Month24.65%
12 Month37.68%
2 Year86.7%
3 Year69.94%
5 Year81.9%
10 Year205.96%
15 Year1213.86%
Volatility
ATR(14)5.34
ATR(20)%2.79%
ATR Inc-51.38%
Range Today2.58
ADR(20)3.96
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.13
Mansfield1.31
10 Day High157.59
10 Day Low133.52
20 Day High157.59
20 Day Low117.86
52 Week High157.59
52 Week Low106.21
CS1 End154.04
CR1 StartN/A
Volume & EV
DER(3)-0.93%
DER(5)-2.21%
Volume188.80K
Volume Incr-8.07%
Vol(5)224.32K
Vol(50)207.01K