GLOBAL X DATA CENTER & DIGIT (DTCR) Stock Technical Analysis
NASDAQ:DTCR - Nasdaq - US37954Y2366 - ETF - Currency: USD
Taking everything into account, DTCR scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, DTCR has proven to be a steady performer, scoring decent points in every aspect analyzed.
DTCR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 17.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DTCR 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.
More info and screens
15.01
We found 2 important support areas.
- A support zone ranging from 16.86 to 17.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.16 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.36 to 17.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.97 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 | UP | POSITIVE | The long term trend for DTCR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DTCR is up. |
| ChartMill Relative Strength | 72.47 | POSITIVE | DTCR has a high relative strength, it outperformed 72.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DTCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DTCR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DTCR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.36 | NEUTRAL | The RSI value for DTCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DTCR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.34 | NEUTRAL | The Stochastics value for DTCR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for DTCR suggests low volalility. |
| Average Directional Index/ADX (14) | 23.33 | NEUTRAL | The ADX value for DTCR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.51 | 16.99 | 0.52 (2.97%) | 25.00% |
| An entry @17.51. This is a Buy Stop order right above the resistance zone. | An exit @16.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.52 points, which is 2.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.31
-0.02 (-0.12%)