ADVISORSHARES DORSEY MC ETF (DWMC) Stock Technical Analysis
NASDAQ:DWMC - Nasdaq - US00768Y5371 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to DWMC. DWMC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
DWMC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DWMC is lagging the market.
Warning: DWMC has an average volume of 1826 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, DWMC turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
In the last month DWMC has a been trading in a tight range between 30.95 and 32.63.
Considerably lower volume is observed in the last couple of days.
The technical rating of DWMC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
30.00
35.19
We found 1 important support area.
- Support @30.30 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 31.03 to 32.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.30 from a horizontal line in the daily time frame.
- Resistance @33.89 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.59 to 34.84. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for DWMC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DWMC is down. |
| ChartMill Relative Strength | 67.79 | NEUTRAL | DWMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DWMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DWMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DWMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.19 | NEUTRAL | The RSI value for DWMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DWMC has a negative trend. |
| Stochastics (14,3) | 21.73 | NEUTRAL | The Stochastics value for DWMC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for DWMC suggests low volalility. |
| Average Directional Index/ADX (14) | 29.53 | POSITIVE | The high ADX value value for DWMC 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)
NASDAQ:DWMC (10/13/2023, 8:00:02 PM)
30.95
-0.09 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.29%
1 Week-2.32%
2 Weeks-4.36%
1 Month-3.72%
3 Month-3.19%
6 Month0.24%
12 Month4.28%
2 Year-21.16%
3 Year40.68%
5 Year41.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%1.05%
ATR Inc25.05%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.79
Mansfield-0.77
10 Day High32.18
10 Day Low30.95
20 Day High32.63
20 Day Low30.95
52 Week High34.85
52 Week Low29.68
CS1 End30.3
CR1 Start31.03
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-86.41%
Vol(5)520
Vol(50)1.83K