DESIGN THERAPEUTICS INC (DSGN) Stock Technical Analysis
NASDAQ:DSGN - Nasdaq - US25056L1035 - Common Stock - Currency: USD
Overall DSGN gets a technical rating of 0 out of 10. DSGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
71% of all other stocks performed better in the past year than DSGN.
DSGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DSGN is lagging the market.
DSGN is an average performer in the Biotechnology industry, it outperforms 67% of 558 stocks in the same industry.
In the last month DSGN has a been trading in the 3.10 - 4.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DSGN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.03. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for DSGN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.96
5.23
3 important support areas can be observed.
- A support zone ranging from 3.69 to 3.72. 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 3.44 to 3.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.99 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 4.03 to 4.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.35 from a trend line in the daily time frame.
- Resistance @4.48 from a trend line in the weekly time frame.
- Resistance @4.56 from a trend line in the daily time frame.
- Resistance @5.18 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 | DOWN | NEGATIVE | The long term trend for DSGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DSGN is neutral. |
| ChartMill Relative Strength | 29.39 | NEGATIVE | DSGN has a low relative strength, it was outperformed by 70.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DSGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DSGN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DSGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.61 | NEUTRAL | The RSI value for DSGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests DSGN has a positive trend. |
| Stochastics (14,3) | 77.85 | NEUTRAL | The Stochastics value for DSGN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.29 | HIGH VOLATILITY | The high ATR as a percentage value for DSGN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.28 | NEGATIVE | The low ADX value for DSGN suggests a weak or negative 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)
4.02
+0.29 (+7.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.77%
1 Week5.51%
2 Weeks14.53%
1 Month-13.55%
3 Month-18.29%
6 Month-37.29%
12 Month4.42%
2 Year-36.19%
3 Year-71.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%9.29%
ATR Inc24.57%
Range Today0.42
ADR(20)0.36
ADR(20)%9.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.39
Mansfield-1.76
10 Day High4.2
10 Day Low3.31
20 Day High4.69
20 Day Low3.11
52 Week High7.77
52 Week Low2.6
CS1 End3.72
CR1 Start4.03
Volume & EV
DER(3)0.69%
DER(5)3.24%
Volume133.70K
Volume Incr-15.01%
Vol(5)95.40K
Vol(50)122.95K