DESIGN THERAPEUTICS INC (DSGN) Stock Technical Analysis
NASDAQ:DSGN - US25056L1035 - Common Stock
6.11 USD
+0.15 (+2.52%)
6.11 USD
0 (0%)
Taking everything into account, DSGN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DSGN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
DSGN is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 542 stocks in the same industry.
In the last month DSGN has a been trading in the 3.95 - 6.14 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that DSGN is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
DSGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DSGN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DSGN has an excellent technical rating, but the quality of the setup is only medium 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
3.11
6.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.52 to 5.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.27 from a trend line in the daily time frame.
- Support @3.14 from a trend line in the weekly 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 DSGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DSGN is up. |
| ChartMill Relative Strength | 89.42 | POSITIVE | DSGN has a high relative strength, it outperformed 89.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DSGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DSGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DSGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.08 | OVERBOUGHT | The high RSI value suggests DSGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests DSGN has a positive trend. |
| Stochastics (14,3) | 92.96 | OVERBOUGHT | The high Stochastics value suggests DSGN may be overbought. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for DSGN suggests high volalility. |
| Average Directional Index/ADX (14) | 33.48 | POSITIVE | The high ADX value value for DSGN suggests a strong 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)
6.11
+0.15 (+2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.52%
1 Week15.5%
2 Weeks27.56%
1 Month40.46%
3 Month52.37%
6 Month24.19%
12 Month30.84%
2 Year158.9%
3 Year-63.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%6.99%
ATR Inc18.97%
Range Today0.53
ADR(20)0.42
ADR(20)%6.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.42
Mansfield1.71
10 Day High6.14
10 Day Low4.68
20 Day High6.14
20 Day Low3.95
52 Week High7.77
52 Week Low2.6
CS1 End5.54
CR1 StartN/A
Volume & EV
DER(3)12.02%
DER(5)10.25%
Volume108.28K
Volume Incr14.21%
Vol(5)176.46K
Vol(50)126.43K