Koninklijke DSM NV (DSM.AS) Stock Technical Analysis
Europe - Euronext Amsterdam - AMS:DSM - NL0000009827 - Common Stock
Taking everything into account, DSM scores 1 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 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. 61% of 69 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
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.
When analyzing the resistance we notice 3 important areas.
- 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. |
AMS:DSM (5/30/2023, 7:00:00 PM)
114.05
+0.15 (+0.13%)
Koninklijke DSM NV / DSM.AS FAQ
What is the ChartMill technical rating of Koninklijke DSM NV (DSM.AS) stock?
ChartMill assigns a technical rating of 1 / 10 to DSM.AS.
What is the current trend direction of Koninklijke DSM NV (DSM.AS) stock?
The current trend direction for Koninklijke DSM NV (DSM.AS) is Bearish.
Can you provide the RSI signal for Koninklijke DSM NV?
Koninklijke DSM NV (DSM.AS) has an RSI value of 48.2604. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Koninklijke DSM NV?
Koninklijke DSM NV (DSM.AS) has a support level at 113.92 and a resistance level at 114.11. Check the full technical report for our detailed analysis of DSM.AS support and resistance levels.