We assign a technical rating of 10 out of 10 to DPRO. Both in the recent history as in the last year, DPRO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although DPRO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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6.52
We found 2 important support areas.
- Support @7.50 from a trend line in the daily time frame.
- Support @6.59 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.83 to 9.83. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for DPRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DPRO is up. |
| ChartMill Relative Strength | 97.07 | POSITIVE | DPRO has a high relative strength, it outperformed 97.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DPRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DPRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DPRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.02 | NEUTRAL | The RSI value for DPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests DPRO has a positive trend. |
| Stochastics (14,3) | 86.04 | OVERBOUGHT | The high Stochastics value suggests DPRO may be overbought. |
| Average True Range in percent/ATR (20) | 7.78 | HIGH VOLATILITY | The high ATR as a percentage value for DPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for DPRO suggests a possible start of a new trend. |
9.82
+0.1 (+1.03%)
DRAGANFLY INC / DPRO FAQ
What is the technical rating for DPRO stock?
ChartMill assigns a technical rating of 10 / 10 to DPRO.
Can you provide the trend direction for DRAGANFLY INC?
The current trend direction for DRAGANFLY INC (DPRO) is Bullish.
What is the RSI signal for DPRO stock?
DRAGANFLY INC (DPRO) has an RSI value of 67.0221. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DRAGANFLY INC?
The MACD indicator for DRAGANFLY INC (DPRO) has a value of 0.301992, indicating a bearish trend.
Can you provide the short term momentum for DRAGANFLY INC?
The short term momentum for DRAGANFLY INC (DPRO) is positive.