DTRT HEALTH ACQ CORP-A (DTRT) Technical Analysis
NASDAQ:DTRT • US23344T1034
Current stock price
DTRT Technical Rating and Analysis
Taking everything into account, DTRT scores 7 out of 10 in our technical rating. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, DTRT did better than 72% of all other stocks. We also observe that the gains produced by DTRT over the past year are nicely spread over this period.
- DTRT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DTRT is lagging the market.
- In the last month DTRT has a been trading in a tight range between 9.97 and 10.38.
- Considerably lower volume is observed in the last couple of days.
DTRT Weekly and Daily overview Charts
DTRT Setup Rating and Analysis
DTRT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.32, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
DTRT Support and Resistance Analysis
9.79
We found 1 important support area.
- A support zone ranging from 9.89 to 10.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.35 to 10.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
DTRT 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 DTRT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DTRT is neutral. |
| ChartMill Relative Strength | 72.41 | POSITIVE | DTRT has a high relative strength, it outperformed 72.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DTRT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DTRT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DTRT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.52 | NEUTRAL | The RSI value for DTRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DTRT has a negative trend. |
| Stochastics (14,3) | 92.68 | OVERBOUGHT | The high Stochastics value suggests DTRT may be overbought. |
| Average True Range in percent/ATR (20) | 0.39 | LOW VOLATILITY | The low ATR as a percentage value for DTRT suggests low volalility. |
| Average Directional Index/ADX (14) | 41.66 | POSITIVE | The high ADX value value for DTRT suggests a strong trend. |
DTRT Chart- and CandleStick Pattern Analysis
DTRT 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 |
|---|---|---|---|
| 10.39 | 9.96 | 0.43 (4.14%) | 24.16% |
| An entry @10.39. This is a Buy Stop order right above the 10 day high. | An exit @9.96. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.43 points, which is 4.14%. | When investing 24.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
DTRT Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:DTRT (2/1/2023, 8:09:33 PM)
10.335
-0.01 (-0.14%)
DTRT HEALTH ACQ CORP-A / DTRT TA FAQ
What is the technical rating for DTRT stock?
ChartMill assigns a technical rating of 7 / 10 to DTRT.
What is the current trend direction of DTRT HEALTH ACQ CORP-A (DTRT) stock?
The current trend direction for DTRT HEALTH ACQ CORP-A (DTRT) is Bullish.
What is the RSI signal for DTRT stock?
DTRT HEALTH ACQ CORP-A (DTRT) has an RSI value of 49.5208. This indicates that the stock is currently neutral.
What is the MACD signal for DTRT stock?
The MACD indicator for DTRT HEALTH ACQ CORP-A (DTRT) has a value of -0.00434113, indicating a bearish trend.