DRIO Technical Analysis - DARIOHEALTH CORP

Technical Rating and Analysis

Overall DRIO gets a technical rating of 0 out of 10. DRIO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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

98% of all other stocks performed better in the past year than DRIO.

DRIO is part of the Health Care Technology industry. There are 35 other stocks in this industry, of which 85% are performing better than DRIO.

DRIO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month DRIO has a been trading in the 7.04 - 11.60 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

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

DARIOHEALTH CORP / DRIO Weekly stock chart

DARIOHEALTH CORP / DRIO Daily stock chart

Setup Rating and Analysis

The technical rating of DRIO is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.04

16.16

6 important resistance areas can be observed.

A resistance zone ranging from 9.33 to 9.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @9.68 from a trend line in the daily time frame.
Resistance @10.45 from a trend line in the weekly time frame.
A resistance zone ranging from 10.84 to 10.96. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
Resistance @14.39 from a horizontal line in the daily time frame.
Resistance @16.00 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 DRIO is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DRIO is down.
ChartMill Relative Strength	2.25	NEGATIVE	DRIO has a low relative strength, it was outperformed by 97.75% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DRIO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DRIO is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DRIO is below a declining SMA(200).
Relative Strength Index/RSI (14)	31.32	NEUTRAL	The RSI value for DRIO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.19	NEGATIVE	The MACD value suggests DRIO has a negative trend.
Stochastics (14,3)	0.7	OVERSOLD	The low Stochastics value suggests DRIO may be oversold.
Average True Range in percent/ATR (20)	14.23	HIGH VOLATILITY	The high ATR as a percentage value for DRIO suggests high volalility.
Average Directional Index/ADX (14)	27.58	POSITIVE	The high ADX value value for DRIO suggests a strong trend.