DV Technical Analysis - DOUBLEVERIFY HOLDINGS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to DV. DV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

94% of all other stocks performed better in the past year than DV.

DV is part of the Media industry. There are 95 other stocks in this industry, of which 72% are performing better than DV.

DV is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month DV has a been trading in the 10.73 - 12.84 range, which is quite wide. It is currently trading near the lows of this range.

DV has an average volume of 3293360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DOUBLEVERIFY HOLDINGS INC / DV Weekly stock chart

DOUBLEVERIFY HOLDINGS INC / DV Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, DV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.37. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.78

16.14

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 11.37 to 11.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @13.96 from a trend line in the weekly time frame.
A resistance zone ranging from 14.48 to 14.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @15.98 from a horizontal line in the daily time frame.

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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 DV is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DV is down.
ChartMill Relative Strength	6.71	NEGATIVE	DV has a low relative strength, it was outperformed by 93.29% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DV is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DV is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DV is below a declining SMA(200).
Relative Strength Index/RSI (14)	25.73	OVERSOLD	The low RSI value suggests DV may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests DV has a positive trend.
Stochastics (14,3)	8.52	OVERSOLD	The low Stochastics value suggests DV may be oversold.
Average True Range in percent/ATR (20)	3.63	MEDIUM VOLATILITY	The ATR as a percentage value for DV suggests some volalility.
Average Directional Index/ADX (14)	43.61	POSITIVE	The high ADX value value for DV suggests a strong trend.