DTI Technical Analysis - DRILLING TOOLS INTERNATIONAL

Technical Rating and Analysis

Overall DTI gets a technical rating of 0 out of 10. DTI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, DTI is a bad performer in the overall market: 95% of all stocks are doing better.

DTI is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 85% are performing better than DTI.

DTI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month DTI has a been trading in the 1.87 - 2.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

DRILLING TOOLS INTERNATIONAL / DTI Weekly stock chart

DRILLING TOOLS INTERNATIONAL / DTI Daily stock chart

Setup Rating and Analysis

DTI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.89

3.40

When analyzing the support we notice one important area.

Support @1.91 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

Resistance @2.29 from a horizontal line in the daily time frame.
Resistance @2.76 from a trend line in the weekly time frame.
Resistance @3.13 from a trend line in the weekly time frame.
Resistance @3.37 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for DTI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DTI is down.
ChartMill Relative Strength	5.12	NEGATIVE	DTI has a low relative strength, it was outperformed by 94.88% 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)	DOWN	NEGATIVE	The current price of DTI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DTI is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.23	NEUTRAL	The RSI value for DTI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests DTI has a positive trend.
Stochastics (14,3)	31.42	NEUTRAL	The Stochastics value for DTI is a neutral value.
Average True Range in percent/ATR (20)	7.04	HIGH VOLATILITY	The high ATR as a percentage value for DTI suggests high volalility.
Average Directional Index/ADX (14)	42.54	POSITIVE	The high ADX value value for DTI suggests a strong trend.