DOV Technical Analysis - DOVALUE SPA

Technical Rating and Analysis

Taking everything into account, DOV scores 3 out of 10 in our technical rating. In the last year, DOV was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

89% of all other stocks performed better in the past year than DOV.

In the last month DOV has a been trading in the 2.70 - 3.21 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

DOV is an average performer in the Commercial Services & Supplies industry, it outperforms 50% of 41 stocks in the same industry.

DOV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DOV is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of DOV is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.00

3.19

3 important support areas can be observed.

Support @2.72 from a trend line in the daily time frame.
Support @2.50 from a trend line in the daily time frame.
Support @2.02 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 2.78 to 2.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.14 to 3.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 DOV.MI is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DOV.MI is down.
ChartMill Relative Strength	11.05	NEGATIVE	DOV.MI has a low relative strength, it was outperformed by 88.95% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DOV.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of DOV.MI is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DOV.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	36.89	NEUTRAL	The RSI value for DOV.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests DOV.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	22.36	NEUTRAL	The Stochastics value for DOV.MI is a neutral value.
Average True Range in percent/ATR (20)	3.13	MEDIUM VOLATILITY	The ATR as a percentage value for DOV.MI suggests some volalility.
Average Directional Index/ADX (14)	25.94	POSITIVE	The high ADX value value for DOV.MI suggests a strong trend.