DYCOM INDUSTRIES INC (DY) Stock Technical Analysis
USA - NYSE:DY - US2674751019 - Common Stock
Taking everything into account, DY scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, DY has proven to be a steady performer, scoring decent points in every aspect analyzed.
DY 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 284.02, a Stop Loss order could be placed below this zone.
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134.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 279.51 to 284.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @255.16 from a trend line in the daily time frame.
- Support @248.33 from a horizontal line in the weekly time frame.
- Support @135.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @298.83 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for DY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DY is neutral. |
| ChartMill Relative Strength | 86.71 | POSITIVE | DY has a high relative strength, it outperformed 86.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.48 | NEUTRAL | The RSI value for DY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.53 | NEGATIVE | The MACD value suggests DY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.15 | NEUTRAL | The Stochastics value for DY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for DY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for DY 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 |
|---|---|---|---|
| 298.84 | 279.50 | 19.34 (6.47%) | 15.45% |
| An entry @298.84. This is a Buy Stop order right above the resistance zone. | An exit @279.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 19.34 points, which is 6.47%. | When investing 15.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
291.96
+5.58 (+1.95%)
DYCOM INDUSTRIES INC / DY FAQ
Can you provide the ChartMill technical rating for DYCOM INDUSTRIES INC?
ChartMill assigns a technical rating of 8 / 10 to DY.
What is the trend direction for DY stock?
The current trend direction for DYCOM INDUSTRIES INC (DY) is Bullish.
What is the RSI signal for DYCOM INDUSTRIES INC (DY) stock?
DYCOM INDUSTRIES INC (DY) has an RSI value of 55.4808. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DYCOM INDUSTRIES INC?
The MACD indicator for DYCOM INDUSTRIES INC (DY) has a value of -1.53203, indicating a bearish trend.
What is the short term momentum for DY stock?
The short term momentum for DYCOM INDUSTRIES INC (DY) is neutral.