DIGITAL TRANSFORMATION OPP-A (DTOC) Stock Technical Analysis
NASDAQ:DTOC • US25401K1079
We assign a technical rating of 8 out of 10 to DTOC. DTOC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, DTOC did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- DTOC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DTOC is lagging the market.
- In the last month DTOC has a been trading in the 10.21 - 39.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although DTOC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.51
When analyzing the support we can see 3 important areas.
- Support @10.47 from a horizontal line in the daily time frame.
- Support @10.12 from a horizontal line in the daily time frame.
- A support zone ranging from 9.61 to 9.75. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for DTOC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DTOC is up. |
| ChartMill Relative Strength | 99.41 | POSITIVE | DTOC has a high relative strength, it outperformed 99.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DTOC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DTOC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DTOC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.29 | NEUTRAL | The RSI value for DTOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.41 | POSITIVE | The MACD value suggests DTOC has a positive trend. |
| Stochastics (14,3) | 43.14 | NEUTRAL | The Stochastics value for DTOC is a neutral value. |
| Average True Range in percent/ATR (20) | 12.92 | HIGH VOLATILITY | The high ATR as a percentage value for DTOC suggests high volalility. |
| Average Directional Index/ADX (14) | 57.95 | POSITIVE | The high ADX value value for DTOC suggests a strong trend. |
25.97
+12.27 (+89.56%)
DIGITAL TRANSFORMATION OPP-A / DTOC FAQ
Can you provide the ChartMill technical rating for DIGITAL TRANSFORMATION OPP-A?
ChartMill assigns a technical rating of 7 / 10 to DTOC.
What is the trend direction for DTOC stock?
The current trend direction for DIGITAL TRANSFORMATION OPP-A (DTOC) is Bearish.
Can you provide the RSI signal for DIGITAL TRANSFORMATION OPP-A?
DIGITAL TRANSFORMATION OPP-A (DTOC) has an RSI value of 66.2862. This indicates that the stock is currently neutral.
What is the MACD signal for DIGITAL TRANSFORMATION OPP-A (DTOC) stock?
The MACD indicator for DIGITAL TRANSFORMATION OPP-A (DTOC) has a value of 1.41075, indicating a bullish trend.
What are the support and resistance levels for DIGITAL TRANSFORMATION OPP-A (DTOC) stock?
DIGITAL TRANSFORMATION OPP-A (DTOC) has a support level at 10.47. Check the full technical report for our detailed analysis of DTOC support and resistance levels.