DIRTT ENVIRONMENTAL SOLUTION (DRTT) Stock Technical Analysis
NASDAQ:DRTT - Nasdaq - CA25490H1064 - Common Stock - Currency: USD
Overall DRTT gets a technical rating of 2 out of 10. DRTT 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
69% of all other stocks performed better in the past year than DRTT.
DRTT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRTT is lagging the market.
In the last month DRTT has a been trading in the 0.25 - 0.38 range, which is quite wide. It is currently trading near the high of this range.
DRTT is an average performer in the Building Products industry, it outperforms 48% of 42 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, DRTT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.34. Right above this resistance zone may be a good entry point.
More info and screens
0.29
0.54
When analyzing the support we can see 2 important areas.
- Support @0.30 from a trend line in the daily time frame.
- A support zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.40 from a trend line in the weekly time frame.
- Resistance @0.43 from a trend line in the weekly time frame.
- Resistance @0.44 from a trend line in the daily time frame.
- Resistance @0.48 from a trend line in the daily time frame.
- Resistance @0.53 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 DRTT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRTT is neutral. |
| ChartMill Relative Strength | 31.34 | NEUTRAL | DRTT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DRTT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRTT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DRTT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.74 | NEUTRAL | The RSI value for DRTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DRTT has a positive trend. |
| Stochastics (14,3) | 68.62 | NEUTRAL | The Stochastics value for DRTT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.15 | HIGH VOLATILITY | The high ATR as a percentage value for DRTT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.01 | NEGATIVE | The low ADX value for DRTT 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)
0.3343
0 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.36%
1 Week11.47%
2 Weeks-1.68%
1 Month-2.54%
3 Month11.43%
6 Month-27.33%
12 Month-25.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%11.15%
ATR Inc20.14%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.34
Mansfield-2.87
10 Day High0.38
10 Day Low0.25
20 Day High0.38
20 Day Low0.25
52 Week High1.07
52 Week Low0.2
CS1 End0.3
CR1 Start0.34
Volume & EV
DER(3)-5.07%
DER(5)-9.74%
Volume255.30K
Volume Incr112.56%
Vol(5)191.20K
Vol(50)340.91K