DRIO Technical Analysis - DARIOHEALTH CORP

Technical Rating and Analysis

Taking everything into account, DRIO scores 7 out of 10 in our technical rating. Although DRIO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, DRIO is a bad performer in the overall market: 73% of all stocks are doing better.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month DRIO has a been trading in the 5.93 - 17.74 range, which is quite wide. It is currently trading near the high of this range.

DRIO is an average performer in the Health Care Technology industry, it outperforms 47% of 35 stocks in the same industry.

DRIO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRIO is lagging the market.

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

Although DRIO has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.39

17.08

When analyzing the support we notice one important area.

Support @15.55 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 16.36 to 16.38. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @16.91 from a trend 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	UP	POSITIVE	The long term trend for DRIO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DRIO is up.
ChartMill Relative Strength	27.57	NEGATIVE	DRIO has a low relative strength, it was outperformed by 72.43% 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)	UP	POSITIVE	The current price of DRIO is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.62	NEUTRAL	The RSI value for DRIO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.57	POSITIVE	The MACD value suggests DRIO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	84.21	OVERBOUGHT	The high Stochastics value suggests DRIO may be overbought.
Average True Range in percent/ATR (20)	10.14	HIGH VOLATILITY	The high ATR as a percentage value for DRIO suggests high volalility.
Average Directional Index/ADX (14)	39.48	POSITIVE	The high ADX value value for DRIO suggests a strong trend.