DRAGANFLY INC (DPRO) Stock Technical Analysis
NASDAQ:DPRO - Nasdaq - CA26142Q3044 - Common Stock - Currency: USD
Taking everything into account, DPRO scores 4 out of 10 in our technical rating. In the past year, DPRO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
94% of all other stocks performed better in the past year than DPRO.
DPRO is one of the lesser performing stocks in the Aerospace & Defense industry. 92% of 64 stocks in the same industry do better.
DPRO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DPRO is lagging the market.
In the last month DPRO has a been trading in the 1.63 - 4.37 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Volume is considerably higher in the last couple of days.
DPRO has an average technical rating and also 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.
More info and screens
1.68
3.72
2 important support areas can be observed.
- A support zone ranging from 2.25 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.94 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.65 to 3.68. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for DPRO is neutral. |
| ChartMill Relative Strength | 6.48 | NEGATIVE | DPRO has a low relative strength, it was outperformed by 93.52% 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) | DOWN | NEGATIVE | The current price of DPRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.88 | 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. |
| Stochastics (14,3) | 24.63 | NEUTRAL | The Stochastics value for DPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 15.26 | HIGH VOLATILITY | The high ATR as a percentage value for DPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.2 | POSITIVE | The high ADX value value for DPRO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.32
+0.05 (+2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg2.2%
1 Week-6.45%
2 Weeks11%
1 Month26.78%
3 Month-22.15%
6 Month-47.15%
12 Month-55.91%
2 Year-92.75%
3 Year-89.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%15.26%
ATR Inc-56.98%
Range Today0.12
ADR(20)0.28
ADR(20)%11.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.48
Mansfield-2.86
10 Day High4.37
10 Day Low2.08
20 Day High4.37
20 Day Low1.63
52 Week High6.09
52 Week Low1.55
CS1 End2.26
CR1 Start2.94
Volume & EV
DER(3)-6.12%
DER(5)-6.01%
Volume505.30K
Volume Incr12.21%
Vol(5)1.41M
Vol(50)739.45K