DT MIDSTREAM INC (DTM) Stock Technical Analysis
USA - NYSE:DTM - US23345M1071 - Common Stock
We assign a technical rating of 8 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.
Besides having an excellent technical rating, DTM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 108.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.41, a Stop Loss order could be placed below this zone.
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97.25
When analyzing the support we notice one important area.
- A support zone ranging from 98.23 to 105.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @108.16 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 | 78.88 | POSITIVE | DTM has a high relative strength, it outperformed 78.88% 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) | DOWN | MIXED | The current price of DTM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.3 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests DTM has a positive trend. |
| Stochastics (14,3) | 92.84 | OVERBOUGHT | The high Stochastics value suggests DTM may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for DTM suggests low volalility. |
| Average Directional Index/ADX (14) | 10.21 | 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 |
|---|---|---|---|
| 108.17 | 101.71 | 6.46 (5.97%) | 16.74% |
| An entry @108.17. This is a Buy Stop order right above the resistance zone. | An exit @101.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.46 points, which is 5.97%. | When investing 16.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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-0.02 (-0.02%)