We assign a technical rating of 5 out of 10 to DPRO. In the last year, DPRO was one of the better performers, but we do observe some doubts in the very recent evolution.
DPRO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.69, a Stop Loss order could be placed below this zone.
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6.36
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.61 to 6.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.42 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.56 to 7.58. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for DPRO is down. |
| ChartMill Relative Strength | 94.49 | POSITIVE | DPRO has a high relative strength, it outperformed 94.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DPRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DPRO is below 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) | 45.55 | NEUTRAL | The RSI value for DPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DPRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.62 | NEUTRAL | The Stochastics value for DPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 13.4 | HIGH VOLATILITY | The high ATR as a percentage value for DPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.17 | NEGATIVE | The low ADX value for DPRO suggests a weak or negative trend. |
7.31
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DRAGANFLY INC / DPRO FAQ
What is the technical rating for DPRO stock?
ChartMill assigns a technical rating of 5 / 10 to DPRO.
What is the trend direction for DPRO stock?
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 45.5539. This indicates that the stock is currently neutral.
What is the short term momentum for DPRO stock?
The short term momentum for DRAGANFLY INC (DPRO) is negative.
What are the support and resistance levels for DRAGANFLY INC (DPRO) stock?
DRAGANFLY INC (DPRO) has a support level at 6.69 and a resistance level at 7.56. Check the full technical report for our detailed analysis of DPRO support and resistance levels.