Taking everything into account, DSGN scores 10 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, DSGN did better than 95% of all other 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 525 other stocks in this industry. DSGN outperforms 87% of them.
- DSGN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DSGN is lagging the market slightly.
- In the last month DSGN has a been trading in the 8.23 - 10.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DSGN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for DSGN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.55 to 9.57. 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 9.05 to 9.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.86 from a horizontal line in the daily time frame.
- A support zone ranging from 7.45 to 7.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 95.99 | POSITIVE | DSGN has a high relative strength, it outperformed 95.99% 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) | 60.2 | NEUTRAL | The RSI value for DSGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests DSGN has a positive trend. |
| Stochastics (14,3) | 80.91 | OVERBOUGHT | The high Stochastics value suggests DSGN may be overbought. |
| Average True Range in percent/ATR (20) | 7.02 | HIGH VOLATILITY | The high ATR as a percentage value for DSGN suggests high volalility. |
| Average Directional Index/ADX (14) | 13.82 | 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 |
|---|---|---|---|
| 10.98 | 9.54 | 1.44 (13.11%) | 7.63% |
| An entry @10.98. This is a Buy Stop order right above the 10 day high. | An exit @9.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.44 points, which is 13.11%. | For a 1.00% total portfolio risk, you can invest 7.63% of your capital in this trade. |
- 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.
10.46
+0.28 (+2.75%)
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 60.1965. 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 9.57. Check the full technical report for our detailed analysis of DSGN support and resistance levels.