Taking everything into account, DFEN scores 4 out of 10 in our technical rating. Although DFEN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
DFEN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 62.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DFEN 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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2 important support areas can be observed.
- A support zone ranging from 59.41 to 59.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.08 to 56.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 62.36 to 62.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for DFEN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DFEN is down. |
| ChartMill Relative Strength | 93.33 | POSITIVE | DFEN has a high relative strength, it outperformed 93.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DFEN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DFEN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DFEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.51 | NEUTRAL | The RSI value for DFEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests DFEN has a positive trend. |
| Stochastics (14,3) | 48.76 | NEUTRAL | The Stochastics value for DFEN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for DFEN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for DFEN suggests a weak or negative trend. |
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+0.84 (+1.42%)
DRX DLY AERO & DEF BULL 3X / DFEN FAQ
Can you provide the ChartMill technical rating for DRX DLY AERO & DEF BULL 3X?
ChartMill assigns a technical rating of 4 / 10 to DFEN.
What is the trend direction for DFEN stock?
The current trend direction for DRX DLY AERO & DEF BULL 3X (DFEN) is Bearish.
Can you provide the RSI signal for DRX DLY AERO & DEF BULL 3X?
DRX DLY AERO & DEF BULL 3X (DFEN) has an RSI value of 46.509. This indicates that the stock is currently neutral.
What is the support and resistance level for DFEN stock?
DRX DLY AERO & DEF BULL 3X (DFEN) has a support level at 59.99 and a resistance level at 62.36. Check the full technical report for our detailed analysis of DFEN support and resistance levels.