DT MIDSTREAM INC (DTM) Technical Analysis
NYSE:DTM • US23345M1071
Taking everything into account, DTM scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DTM did better than 89% 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 part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. DTM outperforms 71% of them.
- DTM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DTM has a been trading in the 125.41 - 142.85 range, which is quite wide. It is currently trading near the high of this range.
Although DTM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
112.44
We found 3 important support areas.
- Support @123.76 from a trend line in the daily time frame.
- A support zone ranging from 117.65 to 117.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 113.58 to 114.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.45 | POSITIVE | DTM has a high relative strength, it outperformed 89.45% 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) | 76.34 | OVERBOUGHT | The high RSI value suggests DTM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests DTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.8 | OVERBOUGHT | The high Stochastics value suggests DTM may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 40.07 | POSITIVE | The high ADX value value for DTM suggests a strong trend. |
DTM Technicals: Chart, Performance Metrics, Trend & Indicators
141.77
-0.64 (-0.45%)
DT MIDSTREAM INC / DTM FAQ
What is the ChartMill technical rating of DT MIDSTREAM INC (DTM) stock?
ChartMill assigns a technical rating of 10 / 10 to DTM.
What is the trend direction for DTM stock?
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 76.3361. This indicates that the stock is currently overbought.
What is the MACD signal for DTM stock?
The MACD indicator for DT MIDSTREAM INC (DTM) has a value of 0.357045, indicating a bearish trend.
Can you provide the support and resistance levels for DT MIDSTREAM INC?
DT MIDSTREAM INC (DTM) has a support level at 123.76. Check the full technical report for our detailed analysis of DTM support and resistance levels.