DESTINATION XL GROUP INC (DXLG) Stock Technical Analysis
NASDAQ:DXLG - Nasdaq - US25065K1043 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to DXLG. In the past year, DXLG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
94% of all other stocks performed better in the past year than DXLG.
DXLG is part of the Specialty Retail industry. There are 122 other stocks in this industry, of which 83% are performing better than DXLG.
DXLG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month DXLG has a been trading in the 0.98 - 1.25 range, which is quite wide. It is currently trading near the high of this range.
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.
Considerably lower volume is observed in the last couple of days.
DXLG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.20. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for DXLG 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
1.01
2.19
3 important support areas can be observed.
- Support @1.15 from a trend line in the daily time frame.
- A support zone ranging from 1.04 to 1.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.02 to 1.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.20 to 1.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.31 from a horizontal line in the daily time frame.
- Resistance @2.17 from a trend line in the weekly time frame.
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 DXLG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DXLG is up. |
| ChartMill Relative Strength | 6.92 | NEGATIVE | DXLG has a low relative strength, it was outperformed by 93.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DXLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DXLG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DXLG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.4 | NEUTRAL | The RSI value for DXLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DXLG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.51 | NEUTRAL | The Stochastics value for DXLG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for DXLG suggests high volalility. |
| Average Directional Index/ADX (14) | 12 | NEGATIVE | The low ADX value for DXLG 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)
1.18
-0.02 (-1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.67%
1 Week-3.28%
2 Weeks4.42%
1 Month4.42%
3 Month14.56%
6 Month-57.25%
12 Month-67.76%
2 Year-77.13%
3 Year-71.5%
5 Year-4.84%
10 Year-77.18%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.71%
ATR Inc-39.02%
Range Today0.05
ADR(20)0.07
ADR(20)%5.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.92
Mansfield-4.97
10 Day High1.25
10 Day Low1.1
20 Day High1.25
20 Day Low0.98
52 Week High3.93
52 Week Low0.9
CS1 End1.15
CR1 Start1.2
Volume & EV
DER(3)3.26%
DER(5)-2.43%
Volume32.50K
Volume Incr-85.6%
Vol(5)96.40K
Vol(50)377.46K