DESIGN THERAPEUTICS INC (DSGN) Stock Technical Analysis
NASDAQ:DSGN • US25056L1035
Overall DSGN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, DSGN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that DSGN is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by DSGN over the past year are nicely spread over this period.
- DSGN is part of the Biotechnology industry. There are 521 other stocks in this industry. DSGN outperforms 81% of them.
- DSGN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DSGN has a been trading in the 9.54 - 10.97 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, DSGN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.25, 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
7.94
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.20 to 10.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.94 to 9.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.09 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.02 to 8.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @10.63 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 DSGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DSGN is up. |
| ChartMill Relative Strength | 93.82 | POSITIVE | DSGN has a high relative strength, it outperformed 93.82% 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) | UP | POSITIVE | The current price of DSGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.18 | NEUTRAL | The RSI value for DSGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DSGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.76 | NEUTRAL | The Stochastics value for DSGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for DSGN suggests high volalility. |
| Average Directional Index/ADX (14) | 8.07 | NEGATIVE | The low ADX value for DSGN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 10.64 | 10.19 | 0.45 (4.23%) | 23.64% |
| An entry @10.64. This is a Buy Stop order right above the resistance zone. | An exit @10.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.45 points, which is 4.23%. | When investing 23.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DSGN. 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.
10.35
+0.24 (+2.37%)
DESIGN THERAPEUTICS INC / DSGN FAQ
What is the ChartMill technical rating of DESIGN THERAPEUTICS INC (DSGN) stock?
ChartMill assigns a technical rating of 10 / 10 to DSGN.
Can you provide the trend direction for DESIGN THERAPEUTICS INC?
The current trend direction for DESIGN THERAPEUTICS INC (DSGN) is Bullish.
What is the RSI signal for DESIGN THERAPEUTICS INC (DSGN) stock?
DESIGN THERAPEUTICS INC (DSGN) has an RSI value of 55.1849. This indicates that the stock is currently neutral.
What is the short term momentum for DSGN stock?
The short term momentum for DESIGN THERAPEUTICS INC (DSGN) is positive.
What is the support and resistance level for DSGN stock?
DESIGN THERAPEUTICS INC (DSGN) has a support level at 10.25 and a resistance level at 10.63. Check the full technical report for our detailed analysis of DSGN support and resistance levels.