DERMATA THERAPEUTICS INC (DRMA) Stock Technical Analysis
NASDAQ:DRMA - Nasdaq - US2498454055 - Common Stock - Currency: USD
Overall DRMA gets a technical rating of 0 out of 10. DRMA'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
97% of all other stocks performed better in the past year than DRMA.
DRMA is one of the lesser performing stocks in the Biotechnology industry. 81% of 559 stocks in the same industry do better.
DRMA 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month DRMA has a been trading in the 0.66 - 0.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DRMA has a poor technical rating and the quality of the setup is also only medium 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
0.68
1.45
We found 2 important support areas.
- A support zone ranging from 0.71 to 0.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.69 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.07 from a trend line in the daily time frame.
- Resistance @1.33 from a trend line in the daily time frame.
- Resistance @1.44 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 | DOWN | NEGATIVE | The long term trend for DRMA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRMA is neutral. |
| ChartMill Relative Strength | 3.1 | NEGATIVE | DRMA has a low relative strength, it was outperformed by 96.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DRMA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRMA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRMA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.63 | NEUTRAL | The RSI value for DRMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DRMA has a positive trend. |
| Stochastics (14,3) | 62.81 | NEUTRAL | The Stochastics value for DRMA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for DRMA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.63 | NEGATIVE | The low ADX value for DRMA 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)
0.774
+0.02 (+3.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.2%
1 Week9.32%
2 Weeks6.03%
1 Month-0.71%
3 Month-34.96%
6 Month-28.99%
12 Month-69.68%
2 Year-96.87%
3 Year-99.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%6.21%
ATR Inc29.67%
Range Today0.04
ADR(20)0.05
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.1
Mansfield-4.77
10 Day High0.8
10 Day Low0.66
20 Day High0.85
20 Day Low0.66
52 Week High5
52 Week Low0.66
CS1 End0.71
CR1 Start0.78
Volume & EV
DER(3)12.95%
DER(5)4.94%
Volume111.60K
Volume Incr50.98%
Vol(5)110.42K
Vol(50)197.46K