DT MIDSTREAM INC (DTM) Stock Technical Analysis
USA - NYSE:DTM - US23345M1071 - Common Stock
Overall DTM gets a technical rating of 7 out of 10. 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.
DTM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 109.05, a Stop Loss order could be placed below this zone.
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97.76
3 important support areas can be observed.
- A support zone ranging from 104.70 to 109.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 101.92 to 102.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 98.75 to 100.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @112.48 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 114.49 to 114.75. 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 | NEUTRAL | NEUTRAL | The short term trend for DTM is neutral. |
| ChartMill Relative Strength | 70.37 | POSITIVE | DTM has a high relative strength, it outperformed 70.37% 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 | POSITIVE | The current price of DTM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DTM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.31 | NEUTRAL | The RSI value for DTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests DTM has a positive trend. |
| Stochastics (14,3) | 78.88 | NEUTRAL | The Stochastics value for DTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for DTM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.85 | NEGATIVE | The low ADX value for DTM suggests a weak or negative 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 |
|---|---|---|---|
| 112.49 | 104.98 | 7.51 (6.68%) | 14.98% |
| An entry @112.49. This is a Buy Stop order right above the resistance zone. | An exit @104.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.51 points, which is 6.68%. | For a 1.00% total portfolio risk, you can invest 14.98% 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.
110.55
+0.36 (+0.33%)
DT MIDSTREAM INC / DTM FAQ
What is the ChartMill technical rating of DT MIDSTREAM INC (DTM) stock?
ChartMill assigns a technical rating of 7 / 10 to DTM.
Can you provide the trend direction for DT MIDSTREAM INC?
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 54.3143. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DT MIDSTREAM INC?
The MACD indicator for DT MIDSTREAM INC (DTM) has a value of 0.231853, indicating a bearish trend.