The Hourly View for DXCM
At the moment, DXCM’s price is down $-1.1 (-0.26%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as DXCM has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
DXCM’s Technical Outlook on the Daily Chart
Currently, DXCM’s price is down $-1.96 (-0.47%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows DXCM’s price action over the past 90 days.
Want More Great Investing Ideas?