DT MIDSTREAM INC (DTM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DTM • US23345M1071
Overall DTM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, DTM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that DTM is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by DTM over the past year are nicely spread over this period.
- DTM is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 72% of 207 stocks in the same industry.
- DTM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DTM has a been trading in the 116.82 - 128.35 range, which is quite wide. It is currently trading near the high of this range.
Although DTM has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
101.07
4 important support areas can be observed.
- A support zone ranging from 117.03 to 121.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @115.12 from a trend line in the weekly time frame.
- Support @112.44 from a trend line in the daily time frame.
- Support @102.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 127.23 to 127.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 DTM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DTM is up. |
| ChartMill Relative Strength | 79.85 | POSITIVE | DTM has a high relative strength, it outperformed 79.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DTM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DTM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DTM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.41 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests DTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.9 | OVERBOUGHT | The high Stochastics value suggests DTM may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.77 | NEUTRAL | The ADX value for DTM suggests a possible start of a new trend. |
127.22
+0.85 (+0.67%)
DT MIDSTREAM INC / DTM FAQ
What is the ChartMill technical rating of DT MIDSTREAM INC (DTM) stock?
ChartMill assigns a technical rating of 10 / 10 to DTM.
What is the trend direction for DTM stock?
The current trend direction for DT MIDSTREAM INC (DTM) is Bullish.
Can you provide the RSI signal for DT MIDSTREAM INC?
DT MIDSTREAM INC (DTM) has an RSI value of 66.4084. This indicates that the stock is currently neutral.
What is the MACD signal for DTM stock?
The MACD indicator for DT MIDSTREAM INC (DTM) has a value of 0.559823, indicating a bearish trend.
Can you provide the support and resistance levels for DT MIDSTREAM INC?
DT MIDSTREAM INC (DTM) has a support level at 121.9 and a resistance level at 127.23. Check the full technical report for our detailed analysis of DTM support and resistance levels.