DRAGANFLY INC (DPRO) Stock Technical Analysis
NASDAQ:DPRO - Nasdaq - CA26142Q3044 - Common Stock - Currency: USD
Taking everything into account, DPRO scores 9 out of 10 in our technical rating. 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!
In the last month DPRO has a been trading in the 2.24 - 4.39 range, which is quite wide. It is currently trading near the high of this range.
DPRO has an average volume of 1339480 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 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
DPRO is part of the Aerospace & Defense industry. There are 65 other stocks in this industry, DPRO did better than 43% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DPRO has an excellent technical rating, it does not offer a high 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
2.75
3.99
We found 1 important support area.
- A support zone ranging from 2.78 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 82.73 | POSITIVE | DPRO has a high relative strength, it outperformed 82.73% 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) | 70.27 | OVERBOUGHT | The high RSI value suggests DPRO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests DPRO has a positive trend. |
| Stochastics (14,3) | 87.58 | OVERBOUGHT | The high Stochastics value suggests DPRO may be overbought. |
| Average True Range in percent/ATR (20) | 8.42 | HIGH VOLATILITY | The high ATR as a percentage value for DPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 34.9 | 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)
3.95
+0.07 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg1.67%
1 Week26.6%
2 Weeks36.21%
1 Month59.27%
3 Month81.19%
6 Month11.9%
12 Month-29.46%
2 Year-84.81%
3 Year-81.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%8.42%
ATR Inc87.6%
Range Today0.79
ADR(20)0.32
ADR(20)%8.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.73
Mansfield2.21
10 Day High4.39
10 Day Low2.73
20 Day High4.39
20 Day Low2.24
52 Week High6.09
52 Week Low1.55
CS1 End2.8
CR1 StartN/A
Volume & EV
DER(3)3.97%
DER(5)3.75%
Volume3.23M
Volume Incr-33.52%
Vol(5)1.66M
Vol(50)1.34M