Taking everything into account, DTI scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, DTI is a bad performer.
DTI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DTI 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.
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We found 5 important support areas.
- A support zone ranging from 2.57 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.39 to 2.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.13 from a trend line in the daily time frame.
- A support zone ranging from 2.06 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.80 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.64 to 2.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.89 from a trend line in the weekly time frame.
- Resistance @3.07 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 DTI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DTI is neutral. |
| ChartMill Relative Strength | 31.41 | NEUTRAL | DTI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DTI is above the rising 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) | DOWN | MIXED | The current price of DTI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.87 | NEUTRAL | The RSI value for DTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DTI has a negative trend. |
| Stochastics (14,3) | 39.15 | NEUTRAL | The Stochastics value for DTI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.84 | HIGH VOLATILITY | The high ATR as a percentage value for DTI suggests high volalility. |
| Average Directional Index/ADX (14) | 23.03 | NEUTRAL | The ADX value for DTI 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 |
|---|---|---|---|
| 2.68 | 2.56 | 0.12 (4.48%) | 22.33% |
| An entry @2.68. This is a Buy Stop order right above the resistance zone. | An exit @2.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 4.48%. | For a 1.00% total portfolio risk, you can invest 22.33% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DTI. 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.
2.63
+0.05 (+1.94%)
DRILLING TOOLS INTERNATIONAL / DTI FAQ
What is the ChartMill technical rating of DRILLING TOOLS INTERNATIONAL (DTI) stock?
ChartMill assigns a technical rating of 6 / 10 to DTI.
Can you provide the trend direction for DRILLING TOOLS INTERNATIONAL?
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 51.8674. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DRILLING TOOLS INTERNATIONAL?
The MACD indicator for DRILLING TOOLS INTERNATIONAL (DTI) has a value of -0.0172735, indicating a bearish trend.
What is the support and resistance level for DTI stock?
DRILLING TOOLS INTERNATIONAL (DTI) has a support level at 2.62 and a resistance level at 2.64. Check the full technical report for our detailed analysis of DTI support and resistance levels.