DRCT Technical Analysis - DIRECT DIGITAL HOLDINGS IN-A

Technical Rating and Analysis

Overall DRCT gets a technical rating of 0 out of 10. DRCT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

99% of all other stocks performed better in the past year than DRCT.

DRCT is one of the lesser performing stocks in the Media industry. 83% of 94 stocks in the same industry do better.

DRCT 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.

In the last month DRCT has a been trading in the 0.28 - 0.52 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been consolidating recently, but much resistance may still be present above.

DRCT has an average volume of 2790630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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

DIRECT DIGITAL HOLDINGS IN-A / DRCT Weekly stock chart

DIRECT DIGITAL HOLDINGS IN-A / DRCT Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, DRCT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.33

0.37

When analyzing the resistance we notice 3 important areas.

Resistance @0.35 from a trend line in the daily time frame.
Resistance @0.36 from a trend line in the daily time frame.
Resistance @0.37 from a horizontal line in the daily time frame.

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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 DRCT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DRCT is down.
ChartMill Relative Strength	1.58	NEGATIVE	DRCT has a low relative strength, it was outperformed by 98.42% 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)	DOWN	NEGATIVE	The current price of DRCT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DRCT is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.17	NEUTRAL	The RSI value for DRCT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests DRCT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	23.68	NEUTRAL	The Stochastics value for DRCT is a neutral value.
Average True Range in percent/ATR (20)	18.2	HIGH VOLATILITY	The high ATR as a percentage value for DRCT suggests high volalility.
Average Directional Index/ADX (14)	26.48	POSITIVE	The high ADX value value for DRCT suggests a strong trend.