DRT-DB-A Technical Analysis - DIRTT ENVIRONMENTAL SOL

Technical Rating and Analysis

Overall DRT-DB-A gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DRT-DB-A is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

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 94% of all stocks. We also observe that the gains produced by DRT-DB-A over the past year are nicely spread over this period.

A new 52 week high is currently being made by DRT-DB-A, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

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

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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 present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

84.15

95.96

We found 3 important support areas.

A support zone ranging from 90.79 to 93.15. 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 95.01 to 95.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The short term trend for DRT-DB-A.CA is up.
ChartMill Relative Strength	94.03	POSITIVE	DRT-DB-A.CA has a high relative strength, it outperformed 94.03% 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)	76.11	OVERBOUGHT	The high RSI value suggests DRT-DB-A.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.27	POSITIVE	The MACD value suggests DRT-DB-A.CA has a positive trend.
Stochastics (14,3)	100	OVERBOUGHT	The high Stochastics value suggests DRT-DB-A.CA may be overbought.
Average True Range in percent/ATR (20)	0.45	LOW VOLATILITY	The low ATR as a percentage value for DRT-DB-A.CA suggests low volalility.
Average Directional Index/ADX (14)	44.41	POSITIVE	The high ADX value value for DRT-DB-A.CA suggests a strong trend.