DIGITAL WORLD ACQ A -CW28 (DWACW) Stock Technical Analysis
NASDAQ:DWACW - Nasdaq - - Currency: USD
Taking everything into account, DWACW scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DWACW is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that DWACW is one of the better performing stocks in the market, outperforming 99% of all stocks.
DWACW is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month DWACW has a been trading in the 15.43 - 24.30 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DWACW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.28
23.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.21 to 18.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.45 from a trend line in the daily 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 DWACW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DWACW is up. |
| ChartMill Relative Strength | 99.78 | POSITIVE | DWACW has a high relative strength, it outperformed 99.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DWACW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DWACW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DWACW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.18 | NEUTRAL | The RSI value for DWACW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests DWACW has a positive trend. |
| Stochastics (14,3) | 68.66 | NEUTRAL | The Stochastics value for DWACW is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for DWACW suggests high volalility. |
| Average Directional Index/ADX (14) | 25.49 | POSITIVE | The high ADX value value for DWACW 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)
23.15
+4.78 (+26.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg26.02%
1 Week36.74%
2 Weeks33.82%
1 Month10.82%
3 Month346.05%
6 Month372.45%
12 Month618.94%
2 Year37.31%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%8.39%
ATR Inc193.39%
Range Today5.33
ADR(20)1.77
ADR(20)%7.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.78
Mansfield19.53
10 Day High24.3
10 Day Low15.44
20 Day High24.3
20 Day Low15.43
52 Week High24.3
52 Week Low2.42
CS1 End18.6
CR1 StartN/A
Volume & EV
DER(3)0.96%
DER(5)7.1%
Volume720.30K
Volume Incr228.32%
Vol(5)330.72K
Vol(50)238.90K