DOVER CORP (DOV) Stock Technical Analysis
USA - NYSE:DOV - US2600031080 - Common Stock
We assign a technical rating of 7 out of 10 to DOV. Although DOV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although DOV has an excellent technical rating, it does not offer a high 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.
More info and screens
156.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 161.15 to 162.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.02 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Strong resistance @185.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 205.91 to 206.52. 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 DOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DOV is up. |
| ChartMill Relative Strength | 32.32 | NEUTRAL | DOV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DOV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DOV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.81 | NEUTRAL | The RSI value for DOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests DOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.45 | NEUTRAL | The Stochastics value for DOV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for DOV suggests some volalility. |
| Average Directional Index/ADX (14) | 35.33 | POSITIVE | The high ADX value value for DOV suggests a strong trend. |
183.62
-0.35 (-0.19%)
DOVER CORP / DOV FAQ
What is the technical rating for DOV stock?
ChartMill assigns a technical rating of 7 / 10 to DOV.
What is the trend direction for DOV stock?
The current trend direction for DOVER CORP (DOV) is Bullish.
What is the RSI signal for DOV stock?
DOVER CORP (DOV) has an RSI value of 64.812. This indicates that the stock is currently neutral.
What is the MACD signal for DOV stock?
The MACD indicator for DOVER CORP (DOV) has a value of 0.558242, indicating a bearish trend.
What is the short term momentum for DOV stock?
The short term momentum for DOVER CORP (DOV) is positive.