We assign a technical rating of 7 out of 10 to DRCT. In the last year, DRCT was one of the better performers, but we do observe some doubts in the very recent evolution.
- DRCT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month DRCT has a been trading in the 1.45 - 6.04 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- DRCT is one of the better performing stocks in the Media industry, it outperforms 100% of 92 stocks in the same industry.
- DRCT has an average volume of 21988200 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 overall good ranking is mostly due to the recent strong move.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, DRCT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.57
When analyzing the support we notice one important area.
- Support @1.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @4.16 from a horizontal 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 DRCT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRCT is neutral. |
| ChartMill Relative Strength | 99.77 | POSITIVE | DRCT has a high relative strength, it outperformed 99.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRCT is below a declining 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) | 52.08 | NEUTRAL | The RSI value for DRCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests DRCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.25 | OVERSOLD | The low Stochastics value suggests DRCT may be oversold. |
| Average True Range in percent/ATR (20) | 34.97 | HIGH VOLATILITY | The high ATR as a percentage value for DRCT suggests high volalility. |
| Average Directional Index/ADX (14) | 34.83 | POSITIVE | The high ADX value value for DRCT suggests a strong trend. |
1.85
+0.21 (+12.8%)
DIRECT DIGITAL HOLDINGS IN-A / DRCT FAQ
What is the technical rating for DRCT stock?
ChartMill assigns a technical rating of 7 / 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 Bullish.
What is the RSI signal for DRCT stock?
DIRECT DIGITAL HOLDINGS IN-A (DRCT) has an RSI value of 52.0784. This indicates that the stock is currently neutral.
What is the short term momentum for DRCT stock?
The short term momentum for DIRECT DIGITAL HOLDINGS IN-A (DRCT) is neutral.
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 1.59 and a resistance level at 4.16. Check the full technical report for our detailed analysis of DRCT support and resistance levels.