DOX Technical Analysis - DOXEE SPA

Technical Rating and Analysis

Taking everything into account, DOX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. DOX was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, DOX is a bad performer in the overall market: 92% of all stocks are doing better.

DOX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: DOX has an average volume of 15500 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month DOX has a been trading in the 1.61 - 2.67 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

DOX is part of the Software industry. There are 101 other stocks in this industry, DOX did better than 43% of them.

Considerably lower volume is observed in the last couple of days.

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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

DOX has an average technical rating and the quality of the presented setup is also not ideal 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

1.29

2.59

When analyzing the support we can see 3 important areas.

Support @2.25 from a horizontal line in the daily time frame.
A support zone ranging from 2.11 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @1.30 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

Resistance @2.47 from a horizontal line in the weekly time frame.
Resistance @2.56 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 DOX.MI is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DOX.MI is up.
ChartMill Relative Strength	8.42	NEGATIVE	DOX.MI has a low relative strength, it was outperformed by 91.58% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DOX.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DOX.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	60.27	NEUTRAL	The RSI value for DOX.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests DOX.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	75.36	NEUTRAL	The Stochastics value for DOX.MI is a neutral value.
Average True Range in percent/ATR (20)	8.29	HIGH VOLATILITY	The high ATR as a percentage value for DOX.MI suggests high volalility.
Average Directional Index/ADX (14)	24.98	NEUTRAL	The ADX value for DOX.MI suggests a possible start of a new trend.