DESCARTES SYSTEMS GRP/THE (DSGX) Stock Technical Analysis
USA - NASDAQ:DSGX - CA2499061083 - Common Stock
We assign a technical rating of 1 out of 10 to DSGX. DSGX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, DSGX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 95.72, a Stop Loss order could be placed below this zone.
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90.28
2 important support areas can be observed.
- A support zone ranging from 93.90 to 95.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 91.19 to 91.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 96.73 to 97.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 103.22 to 104.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 107.67 to 108.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @111.38 from a trend line in the weekly time frame.
- Resistance @120.41 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 DSGX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DSGX is neutral. |
| ChartMill Relative Strength | 19.69 | NEGATIVE | DSGX has a low relative strength, it was outperformed by 80.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DSGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DSGX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DSGX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.86 | NEUTRAL | The RSI value for DSGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests DSGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.15 | NEUTRAL | The Stochastics value for DSGX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for DSGX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for DSGX suggests a weak or negative trend. |
96.41
-0.59 (-0.61%)
DESCARTES SYSTEMS GRP/THE / DSGX FAQ
What is the ChartMill technical rating of DESCARTES SYSTEMS GRP/THE (DSGX) stock?
ChartMill assigns a technical rating of 1 / 10 to DSGX.
What is the current trend direction of DESCARTES SYSTEMS GRP/THE (DSGX) stock?
The current trend direction for DESCARTES SYSTEMS GRP/THE (DSGX) is Bearish.
What is the RSI signal for DSGX stock?
DESCARTES SYSTEMS GRP/THE (DSGX) has an RSI value of 46.8589. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DESCARTES SYSTEMS GRP/THE?
The MACD indicator for DESCARTES SYSTEMS GRP/THE (DSGX) has a value of 0.325211, indicating a bearish trend.
Can you provide the short term momentum for DESCARTES SYSTEMS GRP/THE?
The short term momentum for DESCARTES SYSTEMS GRP/THE (DSGX) is neutral.