DESCARTES SYSTEMS GRP/THE (DSG.CA) Stock Technical Analysis
TSX:DSG - Toronto Stock Exchange - CA2499061083 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to DSG. DSG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
DSG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, DSG did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
DSG is an average performer in the Software industry, it outperforms 67% of 63 stocks in the same industry.
DSG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DSG is lagging the market slightly.
Besides having an excellent technical rating, DSG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 157.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
134.17
177.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 156.63 to 157.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @141.25 from a trend line in the weekly time frame.
- A support zone ranging from 135.53 to 136.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 158.57 to 162.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @171.81 from a horizontal line in the weekly time frame.
- Resistance @175.35 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 | UP | POSITIVE | The long term trend for DSG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DSG.CA is up. |
| ChartMill Relative Strength | 77.85 | POSITIVE | DSG.CA has a high relative strength, it outperformed 77.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DSG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DSG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DSG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.25 | NEUTRAL | The RSI value for DSG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests DSG.CA has a negative trend. |
| Stochastics (14,3) | 36.48 | NEUTRAL | The Stochastics value for DSG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for DSG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.01 | NEUTRAL | The ADX value for DSG.CA suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 158.58 | 156.62 | 1.96 (1.24%) | 25.00% |
| An entry @158.58. This is a Buy Stop order right above the 10 day moving average. | An exit @156.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.96 points, which is 1.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
- The distance between exit and entry is rather small compared to the average daily movement of DSG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:DSG (6/4/2025, 7:00:00 PM)
158.09
+0.24 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.15%
1 Week-0.21%
2 Weeks0.48%
1 Month6.65%
3 Month9.63%
6 Month-7.98%
12 Month26.05%
2 Year48.97%
3 Year97.64%
5 Year120.58%
10 Year688.48%
15 Year2668.65%
Volatility
ATR(14)2.93
ATR(20)%2.09%
ATR Inc-47.38%
Range Today1.35
ADR(20)3.14
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.85
Mansfield0.19
10 Day High162.1
10 Day Low155.02
20 Day High162.1
20 Day Low147.22
52 Week High177.98
52 Week Low125.02
CS1 End157.13
CR1 Start158.57
Volume & EV
DER(3)1.28%
DER(5)-0.48%
Volume147.03K
Volume Incr21.27%
Vol(5)153.28K
Vol(50)142.22K