Deep Value ETF (DVP) Technical Analysis
NYSEARCA:DVP
Overall DVP gets a technical rating of 5 out of 10. In the past year, DVP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- Warning: DVP has an average volume of 21236 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When compared to the yearly performance of all other stocks, DVP outperforms 40% of them, which is more or less in line with the market.
- DVP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DVP is lagging the market slightly.
- In the last month DVP has a been trading in the 19.71 - 25.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, DVP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
18.58
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.78 to 21.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.04 from a horizontal line in the daily time frame.
- A support zone ranging from 19.77 to 19.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 24.03 to 24.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.06 from a horizontal line in the daily time frame.
- Resistance @29.89 from a trend line in the daily time frame.
- A resistance zone ranging from 32.22 to 32.39. 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 | DOWN | NEGATIVE | The long term trend for DVP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DVP is up. |
| ChartMill Relative Strength | 40.89 | NEUTRAL | DVP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DVP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DVP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DVP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.08 | NEUTRAL | The RSI value for DVP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests DVP has a negative trend. |
| Stochastics (14,3) | 28.93 | NEUTRAL | The Stochastics value for DVP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for DVP suggests some volalility. |
DVP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:DVP (6/19/2020, 8:10:33 PM)
21.8592
-0.14 (-0.62%)
Deep Value ETF / DVP FAQ
Can you provide the ChartMill technical rating for Deep Value ETF?
ChartMill assigns a technical rating of 5 / 10 to DVP.
Can you provide the trend direction for Deep Value ETF?
The current trend direction for Deep Value ETF (DVP) is Bearish.
What is the RSI signal for Deep Value ETF (DVP) stock?
Deep Value ETF (DVP) has an RSI value of 51.083. This indicates that the stock is currently neutral.
What is the short term momentum for Deep Value ETF (DVP) stock?
The short term momentum for Deep Value ETF (DVP) is positive.
What is the buy/sell signal for DVP stock?
The buy/sell signal for Deep Value ETF (DVP) is hold as the short term and long term trends are mixed.