DXC TECHNOLOGY CO (DXC)       28.15  +0.72 (+2.62%)

28.15  +0.72 (+2.62%)

US23355L1061 - Common Stock - After market: 28.15 0 (0%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to DXC. In the last year, DXC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.



DXC has an average volume of 1570910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
DXC is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Volume is considerably higher in the last couple of days.
81% of all other stocks performed better in the past year than DXC.
DXC is part of the IT Services industry. There are 154 other stocks in this industry, of which 65% are performing better than DXC.
In the last month DXC has a been trading in the 27.27 - 30.27 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.

Statistics

1 Month 3 Months 6 Months 12 Months -0.42% -4.45% 5.67% -23.59% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 19.79 22.65 - 37.78
DXC Weekly chart
DXC Daily chart

Support/Resistance Analysis


25.45

30.42
We found 2 important support areas.
  • A support zone ranging from 27.47 to 28.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 25.71 to 26.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 29.48 to 30.12. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, DXC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 29.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.05, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.

DXC Daily chart

DXC TECHNOLOGY CO28.15

NYSE:DXC (2/7/2023, 7:04:00 PM)+0.72 (+2.62%)

After market: 28.15 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry IT Services

Performance
Today 2.62% 1 Week -2.02%
2 Weeks 0.5% 1 Month -0.42%
3 Month -4.45% 6 Month 5.67%

Volatility
ATR(14) 0.91 ATR(20)% 2.92%
ATR Inc 52.85% Range Today 1.06

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 19.79 Mansfield -0.67
10 Day High 30.27 10 Day Low 27.27
20 Day High 30.27 20 Day Low 27.27
52 Week High 37.78 52 Week Low 22.65
CS1 End 28.05 CR1 Start 29.48

Volume & EV
DER(3) -5.01% DER(5) -1.72%
Volume 2.34M Volume Incr 99.36%
Vol(5) 2.69M Vol(50) 1.57M

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