DT MIDSTREAM INC (DTM) Technical Analysis
NYSE:DTM • US23345M1071
Current stock price
DTM Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to DTM. 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.
- In the last month DTM has a been trading in the 131.88 - 143.67 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, DTM did better than 83% of all other stocks. We also observe that the gains produced by DTM over the past year are nicely spread over this period.
- DTM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DTM is performing more or less in line with the market.
- DTM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 48% of 209 stocks in the same industry.
DTM Weekly and Daily overview Charts
DTM Setup Rating and Analysis
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 133.55, a Stop Loss order could be placed below this zone.
More info and screens
DTM Support and Resistance Analysis
114.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 131.35 to 133.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @127.84 from a trend line in the daily time frame.
- Support @120.19 from a trend line in the weekly time frame.
- A support zone ranging from 115.25 to 117.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 134.45 to 136.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 141.56 to 142.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
DTM Technical Indicator Signal Analysis
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 | 83.49 | POSITIVE | DTM has a high relative strength, it outperformed 83.49% 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 | 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) | 46.59 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests DTM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.65 | NEUTRAL | The Stochastics value for DTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.61 | NEGATIVE | The low ADX value for DTM suggests a weak or negative trend. |
DTM Chart- and CandleStick Pattern Analysis
DTM Example Setup
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 |
|---|---|---|---|
| 136.56 | 131.87 | 4.69 (3.43%) | 25.00% |
| An entry @136.56. This is a Buy Stop order right above the resistance zone. | An exit @131.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.69 points, which is 3.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- The distance between exit and entry is rather small compared to the average daily movement of DTM. Please evaluate whether better entry and exit points can be found.
- 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.
DTM Technicals: Chart, Performance Metrics, Trend & Indicators
134.06
+0.19 (+0.14%)
DT MIDSTREAM INC / DTM TA FAQ
What is the ChartMill technical rating of DT MIDSTREAM INC (DTM) stock?
ChartMill assigns a technical rating of 9 / 10 to DTM.
What is the trend direction for DTM stock?
The current trend direction for DT MIDSTREAM INC (DTM) is Bullish.
What is the RSI signal for DTM stock?
DT MIDSTREAM INC (DTM) has an RSI value of 46.5898. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for DT MIDSTREAM INC?
DT MIDSTREAM INC (DTM) has a support level at 133.55 and a resistance level at 134.45. Check the full technical report for our detailed analysis of DTM support and resistance levels.