DESKTOP METAL INC-A (DM) Stock Technical Analysis
NYSE:DM - New York Stock Exchange, Inc. - US25058X3035 - Common Stock - Currency: USD
Taking everything into account, DM scores 1 out of 10 in our technical rating. DM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than DM.
DM is one of the lesser performing stocks in the Machinery industry. 89% of 128 stocks in the same industry do better.
DM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month DM has a been trading in the 2.02 - 2.83 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.
Although the technical rating is bad, DM does present a nice setup opportunity. 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 DM 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
2.47
4.50
When analyzing the support we notice one important area.
- Support @2.49 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @2.63 from a trend line in the daily time frame.
- A resistance zone ranging from 2.68 to 2.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.79 from a horizontal line in the daily time frame.
- Resistance @4.46 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.11
Mansfield-5.46
10 Day High2.83
10 Day Low2.17
20 Day High2.83
20 Day Low2.02
52 Week High11.8
52 Week Low2.02
Performance
1 Week-10.07%
2 Weeks15.21%
1 Month2.04%
3 Month-44.44%
6 Month-38.42%
12 Month-54.63%
2 Year-83.55%
3 Year-93.99%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)47.31
LBB2.04
UBB2.84
DESKTOP METAL INC-A
NYSE:DM (2/12/2025, 8:06:51 PM)
After market: 2.5 0 (0%)2.5
-0.01 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.4%
1 Week-10.07%
2 Weeks15.21%
1 Month2.04%
3 Month-44.44%
6 Month-38.42%
12 Month-54.63%
2 Year-83.55%
3 Year-93.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%8.66%
ATR Inc-41.91%
Range Today0.11
ADR(20)0.21
ADR(20)%8.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.11
Mansfield-5.46
10 Day High2.83
10 Day Low2.17
20 Day High2.83
20 Day Low2.02
52 Week High11.8
52 Week Low2.02
CS1 End2.49
CR1 Start2.63
Volume & EV
DER(3)1.93%
DER(5)5.06%
Volume95.40K
Volume Incr-48.08%
Vol(5)150.72K
Vol(50)294.98K