DRAGANFLY INC (DPRO) Stock Technical Analysis
NASDAQ:DPRO - Nasdaq - CA26142Q3044 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to DPRO. DPRO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, DPRO is a bad performer in the overall market: 95% of all stocks are doing better.
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 near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 - 2.00 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, DPRO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1.72, a Stop Loss order could be placed below this zone.
More info and screens
1.67
3.19
We found 1 important support area.
- A support zone ranging from 1.69 to 1.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @1.85 from a horizontal line in the daily time frame.
- Resistance @2.41 from a trend line in the daily time frame.
- Resistance @2.60 from a trend line in the daily time frame.
- Resistance @3.16 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 | DOWN | NEGATIVE | The long term trend for DPRO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DPRO is down. |
| ChartMill Relative Strength | 5.1 | NEGATIVE | DPRO has a low relative strength, it was outperformed by 94.9% 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) | DOWN | NEGATIVE | The current price of DPRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.68 | 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) | 55.56 | NEUTRAL | The Stochastics value for DPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.27 | HIGH VOLATILITY | The high ATR as a percentage value for DPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 32.12 | 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)
1.77
-0.01 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.56%
1 Week4.12%
2 Weeks-6.84%
1 Month-38.43%
3 Month-25.16%
6 Month-57.76%
12 Month-74.33%
2 Year-91.57%
3 Year-93.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%10.27%
ATR Inc-6.09%
Range Today0.09
ADR(20)0.13
ADR(20)%7.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.1
Mansfield-4.82
10 Day High1.93
10 Day Low1.63
20 Day High2
20 Day Low1.63
52 Week High7
52 Week Low1.55
CS1 End1.72
CR1 Start1.85
Volume & EV
DER(3)-13%
DER(5)-6.45%
Volume61.50K
Volume Incr-73%
Vol(5)65.18K
Vol(50)149.16K