DT MIDSTREAM INC (DTM) Stock Technical Analysis
NYSE:DTM - New York Stock Exchange, Inc. - US23345M1071 - Common Stock - Currency: USD
Taking everything into account, DTM scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, DTM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 103.84, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 102.09 to 103.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @98.23 from a horizontal line in the daily time frame.
- Support @96.09 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for DTM is neutral. |
| ChartMill Relative Strength | 81.2 | POSITIVE | DTM has a high relative strength, it outperformed 81.2% off all stocks 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 | MIXED | The current price of DTM is below 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) | 49.38 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests DTM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.38 | NEUTRAL | The Stochastics value for DTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.83 | 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 | 102.08 | 6.09 (5.63%) | 17.76% |
| An entry @108.17. This is a Buy Stop order right above the resistance zone. | An exit @102.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.09 points, which is 5.63%. | When investing 17.76% 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.
104.34
+1.93 (+1.88%)