In-Depth Technical Analysis of DIGITAL REALTY TRUST INC.

DIGITAL REALTY TRUST INC (NYSE:DLR) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:DLR.

Insights from Technical Analysis

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Taking everything into account, DLR scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, DLR has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that DLR is one of the better performing stocks in the market, outperforming 71% of all stocks. We also observe that the gains produced by DLR over the past year are nicely spread over this period.
• DLR 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 DLR is lagging the market slightly.
• In the last month DLR has a been trading in the 144.06 - 153.19 range, which is quite wide. It is currently trading near the high of this range.
• DLR is an average performer in the Specialized REITs industry, it outperforms 55% of 28 stocks in the same industry.

Check the latest full technical report of DLR for a complete technical analysis.

How do we evaluate the setup for NYSE:DLR?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:DLR scores a 9 out of 10:

DLR 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. There is a support zone below the current price at 151.01, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

How to trade NYSE:DLR?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.