DRT-DB-A Technical Analysis - DIRTT ENVIRONMENTAL SOL

Technical Rating and Analysis

Taking everything into account, DRT-DB-A scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, DRT-DB-A has proven to be a steady performer, scoring decent points in every aspect analyzed.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the yearly performance of all stocks, we notice that DRT-DB-A is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by DRT-DB-A over the past year are nicely spread over this period.

DRT-DB-A is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

DRT-DB-A is part of the Building Products industry. There are 4 other stocks in this industry, DRT-DB-A did better than 66% of them.

In the last month DRT-DB-A has a been trading in a tight range between 91.50 and 95.00.

Volume is considerably higher 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

DIRTT ENVIRONMENTAL SOL / DRT-DB-A Weekly stock chart

DIRTT ENVIRONMENTAL SOL / DRT-DB-A Daily stock chart

Setup Rating and Analysis

Although DRT-DB-A 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

84.15

95.95

We found 3 important support areas.

A support zone ranging from 91.05 to 92.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @87.00 from a horizontal line in the weekly time frame.
Support @85.00 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 93.41 to 95.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Support and Resistance indicators

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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 DRT-DB-A.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DRT-DB-A.CA is neutral.
ChartMill Relative Strength	83.76	POSITIVE	DRT-DB-A.CA has a high relative strength, it outperformed 83.76% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DRT-DB-A.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DRT-DB-A.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DRT-DB-A.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	53.52	NEUTRAL	The RSI value for DRT-DB-A.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.11	NEGATIVE	The MACD value suggests DRT-DB-A.CA has a negative trend.
Stochastics (14,3)	38.57	NEUTRAL	The Stochastics value for DRT-DB-A.CA is a neutral value.
Average True Range in percent/ATR (20)	0.7	LOW VOLATILITY	The low ATR as a percentage value for DRT-DB-A.CA suggests low volalility.
Average Directional Index/ADX (14)	31.37	POSITIVE	The high ADX value value for DRT-DB-A.CA suggests a strong trend.