DOVER CORP (DOV) Stock Technical Analysis
NYSE:DOV • US2600031080
We assign a technical rating of 8 out of 10 to DOV. Although DOV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- DOV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DOV has a been trading in the 197.97 - 237.54 range, which is quite wide. It is currently trading near the high of this range.
- DOV has an average volume of 1256840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DOV is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- DOV is part of the Machinery industry. There are 131 other stocks in this industry, DOV did better than 57% of them.
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
165.34
We found 4 important support areas.
- A support zone ranging from 205.61 to 208.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 201.27 to 201.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @196.07 from a horizontal line in the daily time frame.
- Support @167.01 from a trend line in the weekly time frame.
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 | 79.18 | POSITIVE | DOV has a high relative strength, it outperformed 79.18% 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) | 74.67 | OVERBOUGHT | The high RSI value suggests DOV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.78 | POSITIVE | The MACD value suggests DOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.54 | OVERBOUGHT | The high Stochastics value suggests DOV may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for DOV suggests some volalility. |
| Average Directional Index/ADX (14) | 33.04 | POSITIVE | The high ADX value value for DOV suggests a strong trend. |
233.25
+1.62 (+0.7%)
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 74.6729. This indicates that the stock is currently overbought.
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 208.3. Check the full technical report for our detailed analysis of DOV support and resistance levels.