DARIOHEALTH CORP (DRIO) Stock Technical Analysis
NASDAQ:DRIO - Nasdaq - US23725P2092 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to DRIO. Recently some decent action could be observed, but in the medium term time frame this is still negative. DRIO was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, DRIO is a bad performer in the overall market: 85% of all stocks are doing better.
DRIO is one of the lesser performing stocks in the Health Care Technology industry. 60% of 36 stocks in the same industry do better.
DRIO 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 DRIO is lagging the market.
In the last month DRIO has a been trading in the 0.63 - 0.76 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 the technical rating is bad, DRIO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.72, a Stop Loss order could be placed below this zone.
More info and screens
0.65
0.82
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.70 to 0.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.81 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 | DOWN | NEGATIVE | The long term trend for DRIO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRIO is neutral. |
| ChartMill Relative Strength | 15.64 | NEGATIVE | DRIO has a low relative strength, it was outperformed by 84.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRIO is above the rising 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) | 53.97 | NEUTRAL | The RSI value for DRIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DRIO has a positive trend. |
| Stochastics (14,3) | 57.03 | NEUTRAL | The Stochastics value for DRIO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for DRIO suggests high volalility. |
| Average Directional Index/ADX (14) | 14 | NEGATIVE | The low ADX value for DRIO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.7199
+0.03 (+4.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg4.18%
1 Week-0.01%
2 Weeks3.43%
1 Month4.33%
3 Month4.62%
6 Month-10.01%
12 Month-40.5%
2 Year-82.05%
3 Year-88.28%
5 Year-88.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%6.21%
ATR Inc-12.12%
Range Today0.04
ADR(20)0.04
ADR(20)%6.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.64
Mansfield-1.79
10 Day High0.76
10 Day Low0.63
20 Day High0.76
20 Day Low0.63
52 Week High1.55
52 Week Low0.5
CS1 End0.72
CR1 Start0.73
Volume & EV
DER(3)-3.25%
DER(5)-4.91%
Volume140.80K
Volume Incr-39.13%
Vol(5)109.39K
Vol(50)214.66K