DTEA Technical Analysis - DAVIDSTEA INC

Technical Rating and Analysis

Overall DTEA gets a technical rating of 10 out of 10. DTEA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that DTEA is one of the better performing stocks in the market, outperforming 99% of all 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 93% of 16 stocks in the same industry.

DTEA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DTEA is performing more or less in line with the market.

In the last month DTEA has a been trading in the 0.64 - 1.15 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DTEA has an excellent technical rating, but the quality of the setup is only medium 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

0.62

1.15

4 important support areas can be observed.

A support zone ranging from 0.98 to 0.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.68 from a trend line in the weekly time frame.
A support zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.63 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 1.14 to 1.14. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for DTEA.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DTEA.CA is up.
ChartMill Relative Strength	99.41	POSITIVE	DTEA.CA has a high relative strength, it outperformed 99.41% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DTEA.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DTEA.CA is above 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)	53.93	NEUTRAL	The RSI value for DTEA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests DTEA.CA has a negative trend.
Stochastics (14,3)	54.86	NEUTRAL	The Stochastics value for DTEA.CA is a neutral value.
Average True Range in percent/ATR (20)	8.8	HIGH VOLATILITY	The high ATR as a percentage value for DTEA.CA suggests high volalility.
Average Directional Index/ADX (14)	21.92	NEUTRAL	The ADX value for DTEA.CA suggests a possible start of a new trend.