Koninklijke DSM NV (DSM.AS) Stock Technical Analysis
Europe - AMS:DSM - NL0000009827 - Common Stock
114.05 EUR
+0.15 (+0.13%)
We assign a technical rating of 1 out of 10 to DSM. DSM 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.
When comparing the yearly performance of all stocks, DSM is a bad performer in the overall market: 87% of all stocks are doing better.
DSM is one of the lesser performing stocks in the Chemicals industry. 67% of 65 stocks in the same industry do better.
DSM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DSM has a been trading in a tight range between 112.85 and 116.95.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, DSM 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 113.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
106.92
127.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 112.80 to 113.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 108.00 to 108.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 114.11 to 116.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 119.30 to 121.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @126.65 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 DSM.AS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DSM.AS is neutral. |
| ChartMill Relative Strength | 13.56 | NEGATIVE | DSM.AS has a low relative strength, it was outperformed by 86.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DSM.AS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DSM.AS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DSM.AS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.26 | NEUTRAL | The RSI value for DSM.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DSM.AS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.74 | NEUTRAL | The Stochastics value for DSM.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for DSM.AS suggests low volalility. |
| Average Directional Index/ADX (14) | 8.82 | NEGATIVE | The low ADX value for DSM.AS 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)
AMS:DSM (5/30/2023, 7:00:00 PM)
114.05
+0.15 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.13%
1 Week0.66%
2 Weeks0.75%
1 Month1.11%
3 Month-4.4%
6 Month-10.55%
12 Month-27.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%1.18%
ATR Inc-18.4%
Range Today1.4
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.56
Mansfield-1.36
10 Day High115.55
10 Day Low112.85
20 Day High116.95
20 Day Low112.85
52 Week High158.3
52 Week Low105.8
CS1 End113.92
CR1 Start114.11
Volume & EV
DER(3)1.23%
DER(5)-0.54%
Volume213.21K
Volume Incr-33.48%
Vol(5)78.34K
Vol(50)322.14K