BNYM STRAT MUNI BND (DSM)       6.06  -0.03 (-0.41%)

6.06  -0.03 (-0.41%)

US09662E1091 - After market: 6.0484 -0.01 (-0.19%)

Technical Rating

5

We assign a technical rating of 5 out of 10 to DSM. Recently some decent action could be observed, but in the medium term time frame this is still negative. DSM was also a bad performer in the overall market in the last year.



The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
DSM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
DSM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
When comparing the yearly performance of all stocks, DSM is a bad performer in the overall market: 63% of all stocks are doing better.

Statistics

1 Month 3 Months 6 Months 12 Months 4.30% 14.56% -9.01% -18.55% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 37.62 5.24 - 7.52
DSM Weekly chart
DSM Daily chart

Support/Resistance Analysis


5.19

6.19
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 5.88 to 5.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 5.24 to 5.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 6.07 to 6.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

8

Although the technical rating is only medium, DSM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DSM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • 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.

DSM Daily chart

BNYM STRAT MUNI BND6.06

NYSE:DSM (2/3/2023, 7:04:00 PM)-0.03 (-0.41%)

After market: 6.0484 -0.01 (-0.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today -0.41% 1 Week 0.5%
2 Weeks -0.33% 1 Month 4.3%
3 Month 14.56% 6 Month -9.01%

Volatility
ATR(14) 0.08 ATR(20)% 1.16%
ATR Inc -18.16% Range Today 0.06

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 37.62 Mansfield -0.6
10 Day High 6.16 10 Day Low 5.99
20 Day High 6.16 20 Day Low 5.79
52 Week High 7.52 52 Week Low 5.24
CS1 End 5.92 CR1 Start 6.07

Volume & EV
DER(3) 7.24% DER(5) 3.58%
Volume 156.70K Volume Incr -11.43%
Vol(5) 125.14K Vol(50) 202.79K

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