INVESCO DORSEY WRIGHT SMALLC (DWAS) Stock Technical Analysis
NASDAQ:DWAS - Nasdaq - US46138E8425 - ETF - Currency: USD
Taking everything into account, DWAS scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. DWAS was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, DWAS is a bad performer in the overall market: 68% of all stocks are doing better.
DWAS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
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.
DWAS 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 DWAS is lagging the market slightly.
Although the technical rating is only medium, DWAS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 80.63, a Stop Loss order could be placed below this zone.
More info and screens
68.05
83.54
We found 3 important support areas.
- A support zone ranging from 80.28 to 80.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.63 from a horizontal line in the weekly time frame.
- Support @68.74 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 81.29 to 82.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 DWAS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DWAS is up. |
| ChartMill Relative Strength | 32.69 | NEUTRAL | DWAS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DWAS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DWAS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DWAS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.97 | NEUTRAL | The RSI value for DWAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests DWAS has a negative trend. |
| Stochastics (14,3) | 62.96 | NEUTRAL | The Stochastics value for DWAS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for DWAS suggests low volalility. |
| Average Directional Index/ADX (14) | 15.76 | NEGATIVE | The low ADX value for DWAS suggests a weak or negative 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)
81.22
-0.33 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.4%
1 Week1.17%
2 Weeks-0.61%
1 Month5.52%
3 Month-4.66%
6 Month-20.96%
12 Month-8%
2 Year12.03%
3 Year1.12%
5 Year58.6%
10 Year97.47%
15 YearN/A
Volatility
ATR(14)1.28
ATR(20)%1.64%
ATR Inc-34.62%
Range Today1.06
ADR(20)1.1
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.69
Mansfield-1.08
10 Day High82.84
10 Day Low78.98
20 Day High82.84
20 Day Low76.88
52 Week High104.46
52 Week Low66.94
CS1 End80.63
CR1 Start81.29
Volume & EV
DER(3)-3.6%
DER(5)-0.7%
Volume40.50K
Volume Incr-23.9%
Vol(5)31.72K
Vol(50)52.65K