DERMATA THERAPEUTICS INC (DRMA) Stock Technical Analysis
NASDAQ:DRMA • US2498455045
We assign a technical rating of 0 out of 10 to DRMA. DRMA 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.
- When comparing the yearly performance of all stocks, DRMA is a bad performer in the overall market: 98% of all stocks are doing better.
- DRMA is one of the lesser performing stocks in the Biotechnology industry. 88% of 521 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.
- In the last month DRMA has a been trading in the 1.21 - 4.66 range, which is quite wide. It is currently trading near the lows of this range.
- DRMA has an average volume of 2535540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
The technical rating of DRMA 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.
More info and screens
1.34
When analyzing the resistance we notice 2 important areas.
- Resistance @2.51 from a trend line in the daily time frame.
- Resistance @3.14 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 | DOWN | NEGATIVE | The short term trend for DRMA is down. |
| ChartMill Relative Strength | 2 | NEGATIVE | DRMA has a low relative strength, it was outperformed by 98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRMA is below 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) | 41.34 | NEUTRAL | The RSI value for DRMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DRMA has a negative trend. |
| Stochastics (14,3) | 20.13 | NEUTRAL | The Stochastics value for DRMA is a neutral value. |
| Average True Range in percent/ATR (20) | 33.6 | HIGH VOLATILITY | The high ATR as a percentage value for DRMA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.61 | NEUTRAL | The ADX value for DRMA suggests a possible start of a new trend. |
1.35
-0.58 (-30.05%)
DERMATA THERAPEUTICS INC / DRMA FAQ
What is the ChartMill technical rating of DERMATA THERAPEUTICS INC (DRMA) stock?
ChartMill assigns a technical rating of 0 / 10 to DRMA.
What is the trend direction for DRMA stock?
The current trend direction for DERMATA THERAPEUTICS INC (DRMA) is Bearish.
Can you provide the RSI signal for DERMATA THERAPEUTICS INC?
DERMATA THERAPEUTICS INC (DRMA) has an RSI value of 41.342. This indicates that the stock is currently neutral.
What is the MACD signal for DRMA stock?
The MACD indicator for DERMATA THERAPEUTICS INC (DRMA) has a value of -0.0258866, indicating a bearish trend.
What is the short term momentum for DRMA stock?
The short term momentum for DERMATA THERAPEUTICS INC (DRMA) is negative.