DPRO Technical Analysis - DRAGANFLY INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to DPRO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DPRO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that DPRO is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, DPRO also shows a nice and consistent pattern of rising prices.

DPRO is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 95% of 69 stocks in the same industry.

DPRO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DPRO is lagging the market slightly.

In the last month DPRO has a been trading in the 5.11 - 14.40 range, which is quite wide. It is currently trading near the high of this range.

DPRO has an average volume of 4689800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DPRO has an excellent technical rating, but the quality of the setup is only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.44

12.14

When analyzing the support we notice one important area.

A support zone ranging from 11.56 to 11.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @12.02 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	98.26	POSITIVE	DPRO has a high relative strength, it outperformed 98.26% 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)	63.6	NEUTRAL	The RSI value for DPRO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.32	POSITIVE	The MACD value suggests DPRO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	82.53	OVERBOUGHT	The high Stochastics value suggests DPRO may be overbought.
Average True Range in percent/ATR (20)	13.16	HIGH VOLATILITY	The high ATR as a percentage value for DPRO suggests high volalility.
Average Directional Index/ADX (14)	61.33	POSITIVE	The high ADX value value for DPRO suggests a strong trend.