Overall DORM gets a technical rating of 1 out of 10. DORM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, DORM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 127.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 126.19, a Stop Loss order could be placed below this zone.
More info and screens
110.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 123.19 to 126.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @121.08 from a horizontal line in the daily time frame.
- Support @111.18 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 127.78 to 129.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @145.32 from a trend line in the daily time frame.
- Resistance @149.17 from a trend 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 | DOWN | NEGATIVE | The long term trend for DORM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DORM is neutral. |
| ChartMill Relative Strength | 27.76 | NEGATIVE | DORM has a low relative strength, it was outperformed by 72.24% 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) | DOWN | NEGATIVE | The current price of DORM is below a declining 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) | 51.49 | NEUTRAL | The RSI value for DORM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests DORM has a positive trend. |
| Stochastics (14,3) | 57.07 | NEUTRAL | The Stochastics value for DORM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for DORM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.98 | NEUTRAL | The ADX value for DORM suggests a possible start of a new trend. |
127.77
-0.56 (-0.44%)
DORMAN PRODUCTS INC / DORM FAQ
What is the ChartMill technical rating of DORMAN PRODUCTS INC (DORM) stock?
ChartMill assigns a technical rating of 1 / 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 51.4917. 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.