DYNAMIX CORP (DYNX) Stock Technical Analysis
USA - NASDAQ:DYNX - KYG2949D1043 - Common Stock
Overall DYNX gets a technical rating of 5 out of 10. Although DYNX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
DYNX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DYNX 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.
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9.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.53 to 10.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @9.78 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Strong resistance @12.00 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 DYNX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DYNX is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | DYNX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DYNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DYNX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.78 | NEUTRAL | The RSI value for DYNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DYNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.44 | OVERSOLD | The low Stochastics value suggests DYNX may be oversold. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for DYNX suggests some volalility. |
| Average Directional Index/ADX (14) | 54.96 | POSITIVE | The high ADX value value for DYNX suggests a strong trend. |
11.16
+0.39 (+3.62%)