DT MIDSTREAM INC (DTM) Technical Analysis
NYSE:DTM • US23345M1071
Taking everything into account, DTM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DTM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that DTM is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, DTM also shows a nice and consistent pattern of rising prices.
- DTM is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DTM is leading the market.
- In the last month DTM has a been trading in the 128.14 - 143.67 range, which is quite wide. It is currently trading near the high of this range.
- DTM is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, DTM did better than 63% of them.
Besides having an excellent technical rating, DTM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 140.04, a Stop Loss order could be placed below this zone.
More info and screens
112.86
We found 4 important support areas.
- A support zone ranging from 139.98 to 140.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @124.17 from a trend line in the daily time frame.
- A support zone ranging from 117.75 to 118.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 114.00 to 114.49. 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 | 87.28 | POSITIVE | DTM has a high relative strength, it outperformed 87.28% 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) | 68.27 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.98 | OVERBOUGHT | The high Stochastics value suggests DTM may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 39.45 | POSITIVE | The high ADX value value for DTM suggests a strong 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 |
|---|---|---|---|
| 143.68 | 139.97 | 3.71 (2.58%) | 25.00% |
| An entry @143.68. This is a Buy Stop order right above the 10 day high. | An exit @139.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.71 points, which is 2.58%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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
140.05
-1.5 (-1.06%)
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 68.2703. This indicates that the stock is currently neutral.
What is the MACD signal for DTM stock?
The MACD indicator for DT MIDSTREAM INC (DTM) has a value of 0.00408925, 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 140.04. Check the full technical report for our detailed analysis of DTM support and resistance levels.