DT MIDSTREAM INC (DTM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DTM - US23345M1071 - Common Stock
Taking everything into account, DTM scores 6 out of 10 in our technical rating. DTM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
DTM has only a medium technical rating, but it does show 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.
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101.07
3 important support areas can be observed.
- A support zone ranging from 112.31 to 112.58. 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 119.55 to 121.56. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 68.26 | NEUTRAL | DTM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DTM is below a declining 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) | 49.16 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests DTM has a negative trend. |
| Stochastics (14,3) | 40.24 | NEUTRAL | The Stochastics value for DTM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for DTM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.76 | 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 | 116.06 | 5.51 (4.53%) | 22.06% |
| An entry @121.57. This is a Buy Stop order right above the resistance zone. | An exit @116.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.51 points, which is 4.53%. | For a 1.00% total portfolio risk, you can invest 22.06% 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.
118.68
-0.39 (-0.33%)
DT MIDSTREAM INC / DTM FAQ
What is the ChartMill technical rating of DT MIDSTREAM INC (DTM) stock?
ChartMill assigns a technical rating of 6 / 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 49.1595. 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 -0.395556, 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 112.58 and a resistance level at 119.58. Check the full technical report for our detailed analysis of DTM support and resistance levels.