Taking everything into account, DSGX scores 0 out of 10 in our technical rating. 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.
DSGX has a poor technical rating and the quality of the setup is also only medium 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.
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78.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 85.17 to 86.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.27 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 88.30 to 89.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 92.75 to 92.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @94.87 from a horizontal line in the daily time frame.
- Resistance @97.31 from a trend line in the weekly time frame.
- Resistance @104.01 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 | DOWN | NEGATIVE | The short term trend for DSGX is down. |
| ChartMill Relative Strength | 16.31 | NEGATIVE | DSGX has a low relative strength, it was outperformed by 83.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DSGX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DSGX is above 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) | 49.7 | NEUTRAL | The RSI value for DSGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests DSGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.38 | NEUTRAL | The Stochastics value for DSGX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for DSGX suggests low volalility. |
| Average Directional Index/ADX (14) | 24.41 | NEUTRAL | The ADX value for DSGX suggests a possible start of a new trend. |
87.46
+1.85 (+2.16%)
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 0 / 10 to DSGX.
What is the trend direction for 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 49.6957. This indicates that the stock is currently neutral.
What is the buy/sell signal for DSGX stock?
The buy/sell signal for DESCARTES SYSTEMS GRP/THE (DSGX) is sell as both the short term and long term trends are negative.
What is the support and resistance level for DSGX stock?
DESCARTES SYSTEMS GRP/THE (DSGX) has a support level at 86.97 and a resistance level at 88.3. Check the full technical report for our detailed analysis of DSGX support and resistance levels.