DT MIDSTREAM INC (DTM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DTM - US23345M1071 - Common Stock
Taking everything into account, DTM scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DTM is showing a nice and steady performance.
Although DTM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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101.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 107.32 to 108.76. 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.
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 | 81.36 | POSITIVE | DTM has a high relative strength, it outperformed 81.36% 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) | 71.42 | OVERBOUGHT | The high RSI value suggests DTM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests DTM has a positive trend. |
| Stochastics (14,3) | 88.41 | OVERBOUGHT | The high Stochastics value suggests DTM may be overbought. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 26.98 | POSITIVE | The high ADX value value for DTM suggests a strong trend. |
121.46
+2.06 (+1.73%)
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 71.4154. This indicates that the stock is currently overbought.
Can you provide the MACD signal for DT MIDSTREAM INC?
The MACD indicator for DT MIDSTREAM INC (DTM) has a value of 0.568858, indicating a bearish trend.
What is the buy/sell signal for DT MIDSTREAM INC (DTM) stock?
The buy/sell signal for DT MIDSTREAM INC (DTM) is buy as both the short term and long term trends are positive.