TRIDENT DIGITAL TECH HOLDING (TDTH) Stock Technical Analysis
USA - NASDAQ:TDTH - US89616X1063 - ADR
0.96 USD
0 (-0.51%)
0.9295 USD
-0.03 (-3.18%)
We assign a technical rating of 8 out of 10 to TDTH. Both in the recent history as in the last year, TDTH has proven to be a steady performer, scoring decent points in every aspect analyzed.
TDTH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TDTH is one of the better performing stocks in the IT Services industry, it outperforms 93% of 87 stocks in the same industry.
TDTH has an average volume of 2483880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TDTH did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month TDTH has a been trading in the 0.60 - 1.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TDTH 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. There is very little resistance above the current price. We notice that large players showed an interest for TDTH 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
0.75
2.29
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.89 to 0.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.76 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.02 from a trend line in the daily time frame.
- A resistance zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.27 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 TDTH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TDTH is neutral. |
| ChartMill Relative Strength | 97.33 | POSITIVE | TDTH has a high relative strength, it outperformed 97.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TDTH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TDTH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TDTH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.44 | NEUTRAL | The RSI value for TDTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TDTH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.39 | NEUTRAL | The Stochastics value for TDTH is a neutral value. |
| Average True Range in percent/ATR (20) | 12.59 | HIGH VOLATILITY | The high ATR as a percentage value for TDTH suggests high volalility. |
| Average Directional Index/ADX (14) | 19.42 | NEGATIVE | The low ADX value for TDTH 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)
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 |
|---|---|---|---|
| 1.03 | 0.88 | 0.15 (14.56%) | 6.87% |
| An entry @1.03. This is a Buy Stop order right above the resistance zone. | An exit @0.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.15 points, which is 14.56%. | When investing 6.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TDTH. Please evaluate whether better entry and exit points can be found.
- 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.
0.96
0 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.51%
1 Week-3.9%
2 Weeks-10.28%
1 Month33.22%
3 Month346.51%
6 Month137.04%
12 Month-74.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%12.59%
ATR Inc-42.28%
Range Today0.1
ADR(20)0.11
ADR(20)%11.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.33
Mansfield-3.02
10 Day High1.15
10 Day Low0.85
20 Day High1.24
20 Day Low0.6
52 Week High3.89
52 Week Low0.17
CS1 End0.89
CR1 Start1.02
Volume & EV
DER(3)9.24%
DER(5)4.23%
Volume311.50K
Volume Incr-40.09%
Vol(5)500.20K
Vol(50)2.48M