DRAGANFLY INC (DPRO) Stock Technical Analysis
NASDAQ:DPRO • CA26142Q3044
We assign a technical rating of 3 out of 10 to DPRO. Although DPRO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month DPRO has a been trading in the 6.44 - 10.62 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that DPRO is one of the better performing stocks in the market, outperforming 94% of all stocks.
- DPRO is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 75% of 73 stocks in the same industry.
- DPRO has an average volume of 1922710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- DPRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DPRO is lagging the market.
- Considerably lower volume is observed in the last couple of days.
The technical rating of DPRO is bad and it also does not present a quality setup 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.
More info and screens
6.01
When analyzing the support we can see 2 important areas.
- Support @6.64 from a trend line in the daily time frame.
- Support @6.07 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.86 to 8.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.31 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for DPRO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DPRO is down. |
| ChartMill Relative Strength | 94.09 | POSITIVE | DPRO has a high relative strength, it outperformed 94.09% 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) | DOWN | NEGATIVE | The current price of DPRO is below a declining 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) | 42.19 | NEUTRAL | The RSI value for DPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests DPRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.06 | OVERSOLD | The low Stochastics value suggests DPRO may be oversold. |
| Average True Range in percent/ATR (20) | 13.67 | HIGH VOLATILITY | The high ATR as a percentage value for DPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for DPRO suggests a weak or negative trend. |
6.89
+0.11 (+1.62%)
DRAGANFLY INC / DPRO FAQ
What is the technical rating for DPRO stock?
ChartMill assigns a technical rating of 3 / 10 to DPRO.
Can you provide the trend direction for DRAGANFLY INC?
The current trend direction for DRAGANFLY INC (DPRO) is Bearish.
What is the RSI signal for DPRO stock?
DRAGANFLY INC (DPRO) has an RSI value of 42.1932. 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 -0.16131, indicating a bearish trend.
Can you provide the short term momentum for DRAGANFLY INC?
The short term momentum for DRAGANFLY INC (DPRO) is negative.