Londinia Opportunities Analyses - 04/25/2024 (GMT) DT MIDSTREAM INC. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	DTM
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 63.52 USD

My targets

64.29 USD (+0.66%)

65.35 USD (+2.32%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DT MIDSTREAM INC. as long as the price remains well above 63.52 USD. The buyers' bullish objective is set at 64.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 65.35 USD. If there is any crossing, the next objective would be the resistance located at 66.87 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

DT MIDSTREAM INC. rating 63.87 USD. The price is lower by -0.47% since the last closing and was traded between 63.62 USD and 64.38 USD over the period. The price is currently at +0.39% from its lowest and -0.79% from its highest.

63.62

64.38

63.87

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DT MIDSTREAM INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	59.90	62.03	63.52	63.87
Change (%)	-6.22%	-2.88%	-0.55%	-
Change	-3.97	-1.84	-0.35	-
Level	Minor	Intermediate	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.05	61.69	62.93	63.57	64.81	65.45	66.69
Camarilla	63.65	63.83	64.00	64.17	64.34	64.52	64.69
Woodie	61.35	61.84	63.23	63.72	65.11	65.60	66.99
Fibonacci	61.69	62.41	62.85	63.57	64.29	64.73	65.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.13	60.19	61.71	62.77	64.29	65.35	66.87
Camarilla	62.52	62.76	62.99	63.23	63.47	63.70	63.94
Woodie	59.36	60.31	61.94	62.89	64.52	65.47	67.10
Fibonacci	60.19	61.18	61.78	62.77	63.76	64.36	65.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.45	55.07	58.08	59.70	62.71	64.33	67.34
Camarilla	59.83	60.25	60.68	61.10	61.52	61.95	62.37
Woodie	54.16	55.42	58.79	60.05	63.42	64.68	68.05
Fibonacci	55.07	56.84	57.93	59.70	61.47	62.56	64.33

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.37
MACD (12,26,9):	0.2100
Directional Movement:	8.10
AROON (14):	50.00
DEMA (21):	63.76
Parabolic SAR (0,02-0,02-0,2):	62.66
Elder Ray (13):	0.22
Super Trend (3,10):	62.78
Zig ZAG (10):	63.83
VORTEX (21):	1.1300
Stochastique (14,3,5):	72.52
TEMA (21):	63.83
Williams %R (14):	-27.07
Chande Momentum Oscillator (20):	0.27
Repulse (5,40,3):	0.3800
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.22

MA7:	63.22
MA20:	62.82
MA50:	59.31
MA100:	56.35
MAexp7:	63.74
MAexp20:	63.49
MAexp50:	63.17
MAexp100:	62.69
Price / MA7:	+1.03%
Price / MA20:	+1.67%
Price / MA50:	+7.69%
Price / MA100:	+13.35%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.60%
Price / MAexp50:	+1.11%
Price / MAexp100:	+1.88%

Quotes : - 15 min delayed data - Actions NYSE

News

The latest news and videos published on DT MIDSTREAM INC. at the time of the analysis were as follows: