DT MIDSTREAM INC (DTM) Technical Analysis
NYSE:DTM • US23345M1071
Current stock price
DTM Technical Rating and Analysis
We assign a technical rating of 8 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.
- When comparing the yearly performance of all stocks, we notice that DTM is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, DTM also shows a nice and consistent pattern of rising prices.
- 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.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- DTM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 45% of 209 stocks in the same industry.
DTM Weekly and Daily overview Charts
DTM Setup Rating and Analysis
DTM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
DTM Support and Resistance Analysis
114.51
4 important support areas can be observed.
- A support zone ranging from 131.64 to 131.92. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @128.04 from a trend line in the daily time frame.
- Support @120.82 from a trend line in the weekly time frame.
- A support zone ranging from 115.67 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 133.79 to 136.14. 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 | DOWN | NEGATIVE | The short term trend for DTM is down. |
| ChartMill Relative Strength | 83.19 | POSITIVE | DTM has a high relative strength, it outperformed 83.19% 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) | 44.96 | 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. |
| Stochastics (14,3) | 24.83 | NEUTRAL | The Stochastics value for DTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.59 | 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 |
|---|---|---|---|
| 136.15 | 132.73 | 3.42 (2.51%) | 25.00% |
| An entry @136.15. This is a Buy Stop order right above the resistance zone. | An exit @132.73. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.42 points, which is 2.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- 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
133.35
-0.71 (-0.53%)
DT MIDSTREAM INC / DTM TA FAQ
What is the ChartMill technical rating of DT MIDSTREAM INC (DTM) stock?
ChartMill assigns a technical rating of 8 / 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 44.9568. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for DT MIDSTREAM INC?
The buy/sell signal for DT MIDSTREAM INC (DTM) is hold as the short term and long term trends are mixed.
What is the support and resistance level for DTM stock?
DT MIDSTREAM INC (DTM) has a support level at 131.92 and a resistance level at 133.79. Check the full technical report for our detailed analysis of DTM support and resistance levels.