DOV Technical Analysis - DOVER CORP

Technical Rating and Analysis

Taking everything into account, DOV scores 0 out of 10 in our technical rating. DOV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, DOV is a bad performer in the overall market: 84% of all stocks are doing better.

DOV is part of the Machinery industry. There are 129 other stocks in this industry, of which 70% are performing better than DOV.

In the last month DOV has a been trading in the 163.70 - 181.56 range, which is quite wide. It is currently trading near the lows of this range.

DOV has an average volume of 1049620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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.

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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

166.31

192.82

3 important resistance areas can be observed.

A resistance zone ranging from 173.26 to 177.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 181.89 to 185.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 188.95 to 190.91. 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	DOWN	NEGATIVE	The long term trend for DOV is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DOV is down.
ChartMill Relative Strength	16.75	NEGATIVE	DOV has a low relative strength, it was outperformed by 83.25% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DOV is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DOV is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DOV is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.77	NEUTRAL	The RSI value for DOV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.62	NEGATIVE	The MACD value suggests DOV has a negative trend, although the MACD value is rising.
Stochastics (14,3)	14.43	OVERSOLD	The low Stochastics value suggests DOV may be oversold.
Average True Range in percent/ATR (20)	1.94	LOW VOLATILITY	The low ATR as a percentage value for DOV suggests low volalility.
Average Directional Index/ADX (14)	13.27	NEGATIVE	The low ADX value for DOV suggests a weak or negative trend.