DAVIDSTEA INC (DTEA.CA) Stock Technical Analysis
TSX-V:DTEA - TSX Venture Exchange - CA2386611024 - Common Stock - Currency: CAD
Taking everything into account, DTEA scores 8 out of 10 in our technical rating. In the last year, DTEA was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month DTEA has a been trading in the 1.01 - 1.28 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Looking at the yearly performance, DTEA did better than 99% of all other stocks. On top of that, DTEA also shows a nice and consistent pattern of rising prices.
DTEA is one of the better performing stocks in the Specialty Retail industry, it outperforms 100% of 17 stocks in the same industry.
DTEA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DTEA is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
DTEA 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. There is a support zone below the current price at 1.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DTEA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.70
1.17
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.01 to 1.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.77 from a trend line in the weekly time frame.
- Support @0.73 from a trend line in the weekly time frame.
- Support @0.71 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.07 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.10 to 1.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.16 from a trend 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 DTEA.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DTEA.CA is down. |
| ChartMill Relative Strength | 99.1 | POSITIVE | DTEA.CA has a high relative strength, it outperformed 99.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DTEA.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DTEA.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DTEA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.8 | NEUTRAL | The RSI value for DTEA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DTEA.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.35 | OVERSOLD | The low Stochastics value suggests DTEA.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for DTEA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.02 | NEGATIVE | The low ADX value for DTEA.CA 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)
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 |
|---|---|---|---|
| 1.09 | 1.00 | 0.09 (8.26%) | 12.11% |
| An entry @1.09. This is a Buy Stop order right above the resistance zone. | An exit @1.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 8.26%. | When investing 12.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DTEA. Please evaluate whether better entry and exit points can be found.
- 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.
TSX-V:DTEA (8/8/2025, 7:00:00 PM)
1.06
+0.01 (+0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.95%
1 Week-1.85%
2 Weeks2.91%
1 Month-3.64%
3 Month76.67%
6 Month8.16%
12 Month606.67%
2 Year125.53%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.98%
ATR Inc-34.19%
Range Today0.04
ADR(20)0.07
ADR(20)%6.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.1
Mansfield3.96
10 Day High1.28
10 Day Low1.01
20 Day High1.28
20 Day Low1.01
52 Week High1.3
52 Week Low0.13
CS1 End1.02
CR1 Start1.07
Volume & EV
DER(3)42.2%
DER(5)50.72%
Volume200
Volume Incr-58.62%
Vol(5)14.03K
Vol(50)39.71K