DYNEX CAPITAL INC (DX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DX - US26817Q8868 - REIT
Taking everything into account, DX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DX is only an average performer.
DX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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11.59
6 important support areas can be observed.
- A support zone ranging from 13.64 to 13.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.40 from a horizontal line in the daily time frame.
- Support @13.11 from a horizontal line in the daily time frame.
- A support zone ranging from 12.34 to 12.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.09 to 12.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.71 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.03 to 14.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 14.38 to 14.43. 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 DX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DX is up. |
| ChartMill Relative Strength | 63.56 | NEUTRAL | DX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57 | NEUTRAL | The RSI value for DX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DX has a negative trend. |
| Stochastics (14,3) | 51.69 | NEUTRAL | The Stochastics value for DX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for DX suggests low volalility. |
| Average Directional Index/ADX (14) | 10.72 | NEGATIVE | The low ADX value for DX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.09 | 13.71 | 0.38 (2.67%) | 25.00% |
| An entry @14.09. This is a Buy Stop order right above the resistance zone. | An exit @13.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.38 points, which is 2.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.98
+0.06 (+0.43%)
DYNEX CAPITAL INC / DX FAQ
What is the ChartMill technical rating of DYNEX CAPITAL INC (DX) stock?
ChartMill assigns a technical rating of 7 / 10 to DX.
Can you provide the trend direction for DYNEX CAPITAL INC?
The current trend direction for DYNEX CAPITAL INC (DX) is Bullish.
What is the RSI signal for DX stock?
DYNEX CAPITAL INC (DX) has an RSI value of 57.0016. This indicates that the stock is currently neutral.
What is the short term momentum for DYNEX CAPITAL INC (DX) stock?
The short term momentum for DYNEX CAPITAL INC (DX) is positive.
What are the support and resistance levels for DYNEX CAPITAL INC (DX) stock?
DYNEX CAPITAL INC (DX) has a support level at 13.97 and a resistance level at 14.03. Check the full technical report for our detailed analysis of DX support and resistance levels.