DT MIDSTREAM INC (DTM) Technical Analysis
NYSE:DTM • US23345M1071
Current stock price
DTM Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to DTM. In the last year, DTM was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, DTM did better than 77% of all other 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 however is currently trading near a new high, so DTM is lagging the market slightly.
- DTM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 49% of 209 stocks in the same industry.
- In the last month DTM has a been trading in the 129.38 - 137.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DTM Weekly and Daily overview Charts
DTM Setup Rating and Analysis
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 133.59, a Stop Loss order could be placed below this zone.
More info and screens
DTM Support and Resistance Analysis
121.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 130.41 to 133.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @122.72 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @138.24 from a horizontal line 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 | 77.63 | POSITIVE | DTM has a high relative strength, it outperformed 77.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DTM is above 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) | 53.13 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests DTM has a positive trend. |
| Stochastics (14,3) | 60.15 | NEUTRAL | The Stochastics value for DTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 11.99 | 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 |
|---|---|---|---|
| 138.25 | 130.40 | 7.85 (5.68%) | 17.61% |
| An entry @138.25. This is a Buy Stop order right above the resistance zone. | An exit @130.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.85 points, which is 5.68%. | For a 1.00% total portfolio risk, you can invest 17.61% of your capital in this trade. |
- 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
135
+0.35 (+0.26%)
DT MIDSTREAM INC / DTM TA FAQ
What is the ChartMill technical rating of DT MIDSTREAM INC (DTM) stock?
ChartMill assigns a technical rating of 7 / 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 53.1323. 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 133.59 and a resistance level at 138.24. Check the full technical report for our detailed analysis of DTM support and resistance levels.