DOVER CORP (DOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DOV - US2600031080 - Common Stock
We assign a technical rating of 8 out of 10 to DOV. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DOV is only an average performer.
DOV has an excellent technical rating, but the quality of the setup is only medium 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
We found 4 important support areas.
- A support zone ranging from 189.48 to 190.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @178.02 from a horizontal line in the daily time frame.
- A support zone ranging from 164.38 to 164.81. 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.
When analyzing the resistance we notice one important area.
- 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 | 70.94 | POSITIVE | DOV has a high relative strength, it outperformed 70.94% off all stocks 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) | UP | POSITIVE | The current price of DOV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.69 | NEUTRAL | The RSI value for DOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests DOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.85 | NEUTRAL | The Stochastics value for DOV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for DOV suggests low volalility. |
| Average Directional Index/ADX (14) | 43.88 | POSITIVE | The high ADX value value for DOV suggests a strong trend. |
196.07
-0.08 (-0.04%)
DOVER CORP / DOV FAQ
What is the technical rating for DOV stock?
ChartMill assigns a technical rating of 8 / 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 62.6869. 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 0.199445, indicating a bearish trend.
What is the short term momentum for DOV stock?
The short term momentum for DOVER CORP (DOV) is positive.