DTCK Technical Analysis - DAVIS COMMODITIES LTD-A

Technical Rating and Analysis

Taking everything into account, DTCK scores 6 out of 10 in our technical rating. In the last year, DTCK was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

81% of all other stocks performed better in the past year than DTCK.

DTCK is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, of which 66% are performing better than DTCK.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

DTCK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DTCK is lagging the market.

In the last month DTCK has a been trading in the 0.69 - 1.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DAVIS COMMODITIES LTD-A / DTCK Weekly stock chart

DAVIS COMMODITIES LTD-A / DTCK Daily stock chart

Setup Rating and Analysis

DTCK has an average technical rating and it also does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.74

1.02

We found 2 important support areas.

A support zone ranging from 0.88 to 0.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.75 from a trend line in the daily time frame.

We can see 2 important resistance areas.

Resistance @0.96 from a horizontal line in the weekly time frame.
A resistance zone ranging from 0.99 to 1.01. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for DTCK is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DTCK is up.
ChartMill Relative Strength	19.72	NEGATIVE	DTCK has a low relative strength, it was outperformed by 80.28% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DTCK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DTCK is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of DTCK is above a declining SMA(200).
Relative Strength Index/RSI (14)	55.38	NEUTRAL	The RSI value for DTCK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests DTCK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	62.56	NEUTRAL	The Stochastics value for DTCK is a neutral value.
Average True Range in percent/ATR (20)	7.73	HIGH VOLATILITY	The high ATR as a percentage value for DTCK suggests high volalility.
Average Directional Index/ADX (14)	28.55	POSITIVE	The high ADX value value for DTCK suggests a strong trend.