DORMAN PRODUCTS INC (DORM) Stock Technical Analysis
NASDAQ:DORM - Nasdaq - US2582781009 - Common Stock - Currency: USD
Taking everything into account, DORM scores 10 out of 10 in our technical rating. In the last year, DORM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
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. There is a resistance zone just above the current price starting at 131.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 128.28, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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4 important support areas can be observed.
- A support zone ranging from 123.47 to 128.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @114.72 from a trend line in the weekly time frame.
- Support @111.18 from a horizontal line in the weekly time frame.
- Support @108.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 131.19 to 133.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @139.99 from a horizontal line in the weekly 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 | 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 | 87.84 | POSITIVE | DORM has a high relative strength, it outperformed 87.84% 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) | 60.65 | NEUTRAL | The RSI value for DORM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests DORM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.67 | NEUTRAL | The Stochastics value for DORM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for DORM suggests some volalility. |
| Average Directional Index/ADX (14) | 21 | NEUTRAL | The ADX value for DORM suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 133.07 | 123.46 | 9.61 (7.22%) | 13.85% |
| An entry @133.07. This is a Buy Stop order right above the resistance zone. | An exit @123.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.61 points, which is 7.22%. | When investing 13.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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