DOVER CORP (DOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DOV - US2600031080 - Common Stock
Overall DOV gets a technical rating of 8 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- DOV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DOV is lagging the market slightly.
- In the last month DOV has a been trading in the 193.89 - 208.14 range, which is quite wide. It is currently trading near the high of this range.
- DOV has an average volume of 1060450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, DOV did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- DOV is part of the Machinery industry. There are 132 other stocks in this industry, DOV did better than 65% of them.
Besides having an excellent technical rating, DOV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 206.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 203.37, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
156.44
We found 5 important support areas.
- A support zone ranging from 200.65 to 203.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 195.74 to 196.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @178.02 from a horizontal line in the daily time frame.
- A support zone ranging from 165.55 to 166.29. 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 found 1 important resistance area.
- A resistance zone ranging from 206.62 to 206.62. 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 | 75.29 | POSITIVE | DOV has a high relative strength, it outperformed 75.29% 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) | 68.13 | NEUTRAL | The RSI value for DOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests DOV has a positive trend. |
| Stochastics (14,3) | 88.07 | OVERBOUGHT | The high Stochastics value suggests DOV may be overbought. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for DOV suggests low volalility. |
| Average Directional Index/ADX (14) | 33.46 | POSITIVE | The high ADX value value for DOV suggests a strong 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 |
|---|---|---|---|
| 206.63 | 200.64 | 5.99 (2.90%) | 25.00% |
| An entry @206.63. This is a Buy Stop order right above the resistance zone. | An exit @200.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.99 points, which is 2.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- 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.
206.61
+0.75 (+0.36%)
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 current trend direction of DOVER CORP (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 68.1282. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for DOVER CORP?
The buy/sell signal for DOVER CORP (DOV) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DOVER CORP (DOV) stock?
DOVER CORP (DOV) has a support level at 203.37 and a resistance level at 206.62. Check the full technical report for our detailed analysis of DOV support and resistance levels.