Overall DWT gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DWT is showing a nice and steady performance.
- In the last month DWT has a been trading in the 8.31 - 39.53 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- DWT has an average volume of 16823400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, DWT did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- DWT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DWT is lagging the market.
DWT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for DWT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.61 to 14.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.78 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.76 to 14.76. 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 | UP | POSITIVE | The long term trend for DWT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DWT is up. |
| ChartMill Relative Strength | 99.81 | POSITIVE | DWT has a high relative strength, it outperformed 99.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DWT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DWT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DWT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.19 | NEUTRAL | The RSI value for DWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests DWT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.01 | OVERSOLD | The low Stochastics value suggests DWT may be oversold. |
| Average True Range in percent/ATR (20) | 32.63 | HIGH VOLATILITY | The high ATR as a percentage value for DWT suggests high volalility. |
14.75
+0.01 (+0.07%)
Velocity 3X Inverse Crude Oil / DWT FAQ
What is the ChartMill technical rating of Velocity 3X Inverse Crude Oil (DWT) stock?
ChartMill assigns a technical rating of 8 / 10 to DWT.
What is the current trend direction of Velocity 3X Inverse Crude Oil (DWT) stock?
The current trend direction for Velocity 3X Inverse Crude Oil (DWT) is Bullish.
Can you provide the RSI signal for Velocity 3X Inverse Crude Oil?
Velocity 3X Inverse Crude Oil (DWT) has an RSI value of 54.1857. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Velocity 3X Inverse Crude Oil?
The short term momentum for Velocity 3X Inverse Crude Oil (DWT) is positive.
Can you provide the support and resistance levels for Velocity 3X Inverse Crude Oil?
Velocity 3X Inverse Crude Oil (DWT) has a support level at 14.74 and a resistance level at 14.76. Check the full technical report for our detailed analysis of DWT support and resistance levels.