DSGN Technical Analysis - DESIGN THERAPEUTICS INC

Technical Rating and Analysis

Taking everything into account, DSGN scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month DSGN has a been trading in the 5.65 - 7.59 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

DSGN is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 536 stocks in the same industry.

Looking at the yearly performance, DSGN did better than 89% of all other 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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

DESIGN THERAPEUTICS INC / DSGN Weekly stock chart

DESIGN THERAPEUTICS INC / DSGN Daily stock chart

Setup Rating and Analysis

Although DSGN has an excellent technical rating, the quality of the presented setup is not ideal 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.16

6.74

We found 3 important support areas.

A support zone ranging from 6.01 to 6.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @4.09 from a trend line in the daily time frame.
Support @3.19 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @6.67 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 DSGN is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DSGN is neutral.
ChartMill Relative Strength	89.4	POSITIVE	DSGN has a high relative strength, it outperformed 89.4% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DSGN is below a declining 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)	UP	POSITIVE	The current price of DSGN is above the rising SMA(200).
Relative Strength Index/RSI (14)	50.3	NEUTRAL	The RSI value for DSGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests DSGN has a negative trend.
Stochastics (14,3)	28.21	NEUTRAL	The Stochastics value for DSGN is a neutral value.
Average True Range in percent/ATR (20)	8.01	HIGH VOLATILITY	The high ATR as a percentage value for DSGN suggests high volalility.
Average Directional Index/ADX (14)	36.93	POSITIVE	The high ADX value value for DSGN suggests a strong trend.