DT MIDSTREAM INC (DTM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DTM - US23345M1071 - Common Stock
We assign a technical rating of 9 out of 10 to DTM. 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.
DTM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 121.56. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
101.07
3 important support areas can be observed.
- A support zone ranging from 109.10 to 110.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 104.70 to 105.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @102.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 121.56 to 121.56. 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 | NEUTRAL | NEUTRAL | The short term trend for DTM is neutral. |
| ChartMill Relative Strength | 76.93 | POSITIVE | DTM has a high relative strength, it outperformed 76.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DTM is below 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) | 51.29 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests DTM has a negative trend. |
| Stochastics (14,3) | 20.54 | NEUTRAL | The Stochastics value for DTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.48 | NEGATIVE | The low ADX value for DTM suggests a weak or negative 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 |
|---|---|---|---|
| 121.57 | 116.91 | 4.67 (3.84%) | 25.00% |
| An entry @121.57. This is a Buy Stop order right above the resistance zone. | An exit @116.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.67 points, which is 3.84%. | For a 0.96% total portfolio risk, you can invest 25.00% 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.
118.02
+0.36 (+0.31%)
DT MIDSTREAM INC / DTM FAQ
What is the ChartMill technical rating of DT MIDSTREAM INC (DTM) stock?
ChartMill assigns a technical rating of 9 / 10 to DTM.
Can you provide the trend direction for DT MIDSTREAM INC?
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 51.2887. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DT MIDSTREAM INC?
The MACD indicator for DT MIDSTREAM INC (DTM) has a value of -0.563587, indicating a bearish trend.