DRAGANFLY INC (DPRO) Stock Technical Analysis
NASDAQ:DPRO - CA26142Q3044 - Common Stock
4.87 USD
-0.18 (-3.56%)
4.87 USD
0 (0%)
We assign a technical rating of 8 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
DPRO is part of the Aerospace & Defense industry. There are 69 other stocks in this industry. DPRO outperforms 94% of them.
DPRO has an average volume of 4177970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, DPRO did better than 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
In the last month DPRO has a been trading in the 3.85 - 5.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
4.21
5.88
We found 1 important support area.
- A support zone ranging from 4.25 to 4.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @5.06 from a horizontal line in the daily time frame.
- Resistance @5.59 from a trend line in the weekly time frame.
- Resistance @5.82 from a trend line in the weekly 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 | 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 | 97.59 | POSITIVE | DPRO has a high relative strength, it outperformed 97.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DPRO is above a declining 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) | 54.08 | NEUTRAL | The RSI value for DPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DPRO has a positive trend. |
| Stochastics (14,3) | 73.8 | NEUTRAL | The Stochastics value for DPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.06 | HIGH VOLATILITY | The high ATR as a percentage value for DPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.79 | NEUTRAL | The ADX value for DPRO suggests a possible start of a new 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)
4.87
-0.18 (-3.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-3.56%
1 Week12.21%
2 Weeks14.32%
1 Month-3.37%
3 Month175.14%
6 Month105.92%
12 Month80.54%
2 Year-77.61%
3 Year-79.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%8.06%
ATR Inc45.94%
Range Today0.46
ADR(20)0.38
ADR(20)%7.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.59
Mansfield4.11
10 Day High5.28
10 Day Low3.85
20 Day High5.64
20 Day Low3.85
52 Week High7.31
52 Week Low1.55
CS1 End4.25
CR1 Start5.06
Volume & EV
DER(3)-4.8%
DER(5)-3.95%
Volume1.64M
Volume Incr-11.09%
Vol(5)2.08M
Vol(50)4.18M