DYCOM INDUSTRIES INC (DY) Technical Analysis
NYSE:DY • US2674751019
Taking everything into account, DY scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month DY has a been trading in the 346.64 - 445.52 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, DY did better than 94% of all other stocks. We also observe that the gains produced by DY over the past year are nicely spread over this period.
- DY is part of the Construction & Engineering industry. There are 56 other stocks in this industry. DY outperforms 83% of them.
- DY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DY is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Volume is considerably higher in the last couple of days.
Although DY has an excellent technical rating, the quality of the presented setup is not ideal 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
134.20
3 important support areas can be observed.
- A support zone ranging from 357.06 to 363.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @339.48 from a trend line in the daily time frame.
- Support @135.56 from a horizontal 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 | UP | POSITIVE | The long term trend for DY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DY is down. |
| ChartMill Relative Strength | 94.57 | POSITIVE | DY has a high relative strength, it outperformed 94.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DY is below 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) | 39.39 | NEUTRAL | The RSI value for DY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -8.52 | NEGATIVE | The MACD value suggests DY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.24 | OVERSOLD | The low Stochastics value suggests DY may be oversold. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for DY suggests high volalility. |
| Average Directional Index/ADX (14) | 24.52 | NEUTRAL | The ADX value for DY suggests a possible start of a new trend. |
DY Technicals: Chart, Performance Metrics, Trend & Indicators
366.95
+3.98 (+1.1%)
DYCOM INDUSTRIES INC / DY FAQ
What is the ChartMill technical rating of DYCOM INDUSTRIES INC (DY) stock?
ChartMill assigns a technical rating of 7 / 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 39.3915. 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 -8.5157, indicating a bearish trend.
What is the short term momentum for DYCOM INDUSTRIES INC (DY) stock?
The short term momentum for DYCOM INDUSTRIES INC (DY) is negative.