DYCOM INDUSTRIES INC (DY) Stock Technical Analysis
NYSE:DY • US2674751019
Taking everything into account, DY scores 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DY did better than 96% of all other stocks. On top of that, DY also shows a nice and consistent pattern of rising prices.
- DY is one of the better performing stocks in the Construction & Engineering industry, it outperforms 90% of 55 stocks in the same industry.
- DY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DY has a been trading in the 349.67 - 445.52 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
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4 important support areas can be observed.
- Support @372.78 from a trend line in the daily time frame.
- A support zone ranging from 359.32 to 364.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @340.02 from a horizontal line in the daily time frame.
- Support @326.54 from a trend 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 | UP | POSITIVE | The short term trend for DY is up. |
| ChartMill Relative Strength | 96.61 | POSITIVE | DY has a high relative strength, it outperformed 96.61% 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) | 64.06 | NEUTRAL | The RSI value for DY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.37 | POSITIVE | The MACD value suggests DY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.44 | OVERBOUGHT | The high Stochastics value suggests DY may be overbought. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for DY suggests some volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for DY suggests a weak or negative trend. |
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-12.35 (-2.87%)
DYCOM INDUSTRIES INC / DY FAQ
What is the ChartMill technical rating of DYCOM INDUSTRIES INC (DY) stock?
ChartMill assigns a technical rating of 10 / 10 to DY.
What is the current trend direction of DYCOM INDUSTRIES INC (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 64.0611. 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 4.37424, indicating a bullish trend.
What is the short term momentum for DYCOM INDUSTRIES INC (DY) stock?
The short term momentum for DYCOM INDUSTRIES INC (DY) is positive.