Taking everything into account, DRCT scores 8 out of 10 in our technical rating. DRCT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- DRCT is part of the Media industry. There are 93 other stocks in this industry. DRCT outperforms 98% of them.
- DRCT has an average volume of 22897700 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 DRCT is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- DRCT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRCT is lagging the market.
- In the last month DRCT has a been trading in the 0.04 - 2.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although DRCT has an excellent technical rating, it does not present a decent entry opportunity 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
1.66
When analyzing the support we notice one important area.
- Support @1.68 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for DRCT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRCT is up. |
| ChartMill Relative Strength | 99.23 | POSITIVE | DRCT has a high relative strength, it outperformed 99.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.05 | OVERBOUGHT | The high RSI value suggests DRCT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests DRCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.15 | NEUTRAL | The Stochastics value for DRCT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.81 | HIGH VOLATILITY | The high ATR as a percentage value for DRCT suggests high volalility. |
| Average Directional Index/ADX (14) | 32.44 | POSITIVE | The high ADX value value for DRCT suggests a strong trend. |
1.84
+0.12 (+6.98%)
DIRECT DIGITAL HOLDINGS IN-A / DRCT FAQ
What is the technical rating for DRCT stock?
ChartMill assigns a technical rating of 8 / 10 to DRCT.
What is the current trend direction of DIRECT DIGITAL HOLDINGS IN-A (DRCT) stock?
The current trend direction for DIRECT DIGITAL HOLDINGS IN-A (DRCT) is Bearish.
What is the RSI signal for DRCT stock?
DIRECT DIGITAL HOLDINGS IN-A (DRCT) has an RSI value of 77.0477. This indicates that the stock is currently overbought.
What is the short term momentum for DRCT stock?
The short term momentum for DIRECT DIGITAL HOLDINGS IN-A (DRCT) is positive.
What are the support and resistance levels for DIRECT DIGITAL HOLDINGS IN-A (DRCT) stock?
DIRECT DIGITAL HOLDINGS IN-A (DRCT) has a support level at 1.68. Check the full technical report for our detailed analysis of DRCT support and resistance levels.