DUO Technical Analysis - FANGDD NETWORK GROUP LTD-A

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to DUO. DUO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, DUO is a bad performer in the overall market: 88% of all stocks are doing better.

DUO is one of the lesser performing stocks in the Interactive Media & Services industry. 72% of 69 stocks in the same industry do better.

DUO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month DUO has a been trading in the 3.02 - 4.33 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

DUO has an average volume of 2808200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FANGDD NETWORK GROUP LTD-A / DUO Weekly stock chart

FANGDD NETWORK GROUP LTD-A / DUO Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, DUO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.04

3.77

We found 2 important support areas.

Support @3.13 from a horizontal line in the weekly time frame.
Support @3.07 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @3.73 from a trend line in the daily time frame.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for DUO is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DUO is down.
ChartMill Relative Strength	12.71	NEGATIVE	DUO has a low relative strength, it was outperformed by 87.29% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DUO is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DUO is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DUO is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.15	NEUTRAL	The RSI value for DUO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests DUO has a negative trend.
Stochastics (14,3)	10.8	OVERSOLD	The low Stochastics value suggests DUO may be oversold.
Average True Range in percent/ATR (20)	13.88	HIGH VOLATILITY	The high ATR as a percentage value for DUO suggests high volalility.
Average Directional Index/ADX (14)	37.91	POSITIVE	The high ADX value value for DUO suggests a strong trend.