0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

small-cap

Technical Analysis on One LSE-Listed Stock – DOCS

Jun 03, 2024 | Team Kalkine
Technical Analysis on One LSE-Listed Stock – DOCS

DOCS:LSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (GBX)

Company Overview: Dr. Martens PLC (LSE: DOCS) is listed under FTSE 250 index and is engaged in designing, developing, marketing, selling, procuring, and distributing footwear. Company's operations are conducted through three segments, namely: Europe, the Middle East and Africa (EMEA), Americas, and Asia-Pacific (APAC).  This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

DOCS’s Technical Observation:

DOCS's current stock price presents an optimistic outlook, supported by multiple technical indicators and historical price behavior. The recovery from a significant support level coupled with trading above the lower trend line with momentum suggests bullish sentiment in the market. Furthermore, the consistency of the price shows a reversal with a bullish pattern. There is anticipation of a continuation in the closing price of GBX 87.40, supported by a strong volume buildup. The leading indicator RSI (14-period) is at 60.63, suggesting a bullish trend in the price. Moreover, the CMP is trading above both trending indicators, the 21-period SMAs and the 50-period SMAs, indicating their potential roles as support levels in the near term. The important support levels for the stock are situated at GBX 78.50 and GBX 70.00, while key resistance is positioned at GBX 99.40 and GBX 110.00 level.

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