DRILLING TOOLS INTERNATIONAL (DTI) Stock Technical Analysis
NASDAQ:DTI • US26205E1073
Overall DTI gets a technical rating of 7 out of 10. In the last year, DTI was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month DTI has a been trading in the 3.42 - 4.30 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- DTI 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 DTI is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that DTI is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- DTI is an average performer in the Energy Equipment & Services industry, it outperforms 52% of 60 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
DTI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.47, a Stop Loss order could be placed below this zone.
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2.18
We found 4 important support areas.
- A support zone ranging from 3.47 to 3.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.75 from a trend line in the daily time frame.
- Support @2.32 from a trend line in the daily time frame.
- Support @2.20 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @4.01 from a horizontal line in the weekly 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 DTI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DTI is neutral. |
| ChartMill Relative Strength | 88 | POSITIVE | DTI has a high relative strength, it outperformed 88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DTI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DTI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.12 | NEUTRAL | The RSI value for DTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests DTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.42 | OVERSOLD | The low Stochastics value suggests DTI may be oversold. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for DTI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.13 | POSITIVE | The high ADX value value for DTI suggests a strong 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 |
|---|---|---|---|
| 4.02 | 3.46 | 0.56 (13.93%) | 7.18% |
| An entry @4.02. This is a Buy Stop order right above the resistance zone. | An exit @3.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.56 points, which is 13.93%. | For a 1.00% total portfolio risk, you can invest 7.18% of your capital in this trade. |
- 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.
3.71
+0.23 (+6.61%)
DRILLING TOOLS INTERNATIONAL / DTI FAQ
What is the ChartMill technical rating of DRILLING TOOLS INTERNATIONAL (DTI) stock?
ChartMill assigns a technical rating of 7 / 10 to DTI.
What is the current trend direction of DRILLING TOOLS INTERNATIONAL (DTI) stock?
The current trend direction for DRILLING TOOLS INTERNATIONAL (DTI) is Bullish.
What is the RSI signal for DTI stock?
DRILLING TOOLS INTERNATIONAL (DTI) has an RSI value of 51.1234. This indicates that the stock is currently neutral.
What is the short term momentum for DRILLING TOOLS INTERNATIONAL (DTI) stock?
The short term momentum for DRILLING TOOLS INTERNATIONAL (DTI) is neutral.
What are the support and resistance levels for DRILLING TOOLS INTERNATIONAL (DTI) stock?
DRILLING TOOLS INTERNATIONAL (DTI) has a support level at 3.47 and a resistance level at 4.01. Check the full technical report for our detailed analysis of DTI support and resistance levels.