DIRECT DIGITAL HOLDINGS IN-A (DRCT) Technical Analysis
NASDAQ:DRCT • US25461T2042
Taking everything into account, DRCT scores 4 out of 10 in our technical rating. In the last year, DRCT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- DRCT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRCT is lagging the market.
- In the last month DRCT has a been trading in the 0.80 - 1.96 range, which is quite wide. It is currently trading near the lows of this range.
- DRCT is part of the Media industry. There are 91 other stocks in this industry. DRCT outperforms 98% of them.
- DRCT has an average volume of 10020500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
DRCT has an average technical rating and it also 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
0.91
When analyzing the support we notice one important area.
- Support @0.92 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.10 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 | DOWN | NEGATIVE | The short term trend for DRCT is down. |
| ChartMill Relative Strength | 99.66 | POSITIVE | DRCT has a high relative strength, it outperformed 99.66% 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 | MIXED | The current price of DRCT is below 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) | 40.69 | NEUTRAL | The RSI value for DRCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DRCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.23 | NEUTRAL | The Stochastics value for DRCT is a neutral value. |
| Average True Range in percent/ATR (20) | 18.22 | HIGH VOLATILITY | The high ATR as a percentage value for DRCT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.23 | NEGATIVE | The low ADX value for DRCT suggests a weak or negative trend. |
DRCT Technicals: Chart, Performance Metrics, Trend & Indicators
0.996
-0.04 (-4.23%)
DIRECT DIGITAL HOLDINGS IN-A / DRCT FAQ
What is the technical rating for DRCT stock?
ChartMill assigns a technical rating of 4 / 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 40.6916. 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 negative.
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 0.92 and a resistance level at 1.1. Check the full technical report for our detailed analysis of DRCT support and resistance levels.