DATA STORAGE CORP (DTST) Stock Technical Analysis
NASDAQ:DTST - US23786R2013 - Common Stock
4.54 USD
-0.01 (-0.22%)
4.54 USD
0 (0%)
We assign a technical rating of 8 out of 10 to DTST. In the last year, DTST was one of the better performers, but we do observe some doubts in the very recent evolution.
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, DTST did better than 84% of all other stocks.
DTST is one of the better performing stocks in the IT Services industry, it outperforms 72% of 85 stocks in the same industry.
In the last month DTST has a been trading in the 4.35 - 4.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DTST is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DTST is lagging the market.
Considerably lower volume is observed in the last couple of days.
DTST 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 support zone below the current price at 4.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DTST in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.29
4.93
We found 4 important support areas.
- A support zone ranging from 4.48 to 4.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.62 from a trend line in the daily time frame.
- Support @3.43 from a trend line in the weekly time frame.
- Support @3.32 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.57 to 4.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.82 to 4.88. 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 | UP | POSITIVE | The long term trend for DTST is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DTST is neutral. |
| ChartMill Relative Strength | 84.03 | POSITIVE | DTST has a high relative strength, it outperformed 84.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DTST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DTST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DTST is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.15 | NEUTRAL | The RSI value for DTST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DTST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.19 | NEUTRAL | The Stochastics value for DTST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for DTST suggests some volalility. |
| Average Directional Index/ADX (14) | 25.09 | POSITIVE | The high ADX value value for DTST suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 4.69 | 4.47 | 0.22 (4.69%) | 21.32% |
| An entry @4.69. This is a Buy Stop order right above the resistance zone. | An exit @4.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 4.69%. | When investing 21.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DTST. 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.
4.54
-0.01 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.22%
1 Week-0.44%
2 Weeks0%
1 Month-4.02%
3 Month16.99%
6 Month24.38%
12 Month36.75%
2 Year40.12%
3 Year122.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%3.24%
ATR Inc-34.44%
Range Today0.11
ADR(20)0.14
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.03
Mansfield0.56
10 Day High4.75
10 Day Low4.45
20 Day High4.8
20 Day Low4.35
52 Week High5.44
52 Week Low2.93
CS1 End4.53
CR1 Start4.57
Volume & EV
DER(3)4.47%
DER(5)-0.79%
Volume33.50K
Volume Incr-56.4%
Vol(5)42.62K
Vol(50)434.30K