Dream Hard Asset Alternatives Trust (DRA-UN.CA) Stock Technical Analysis
TSX:DRA-UN - Toronto Stock Exchange -
Overall DRA-UN gets a technical rating of 4 out of 10. DRA-UN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
73% of all other stocks performed better in the past year than DRA-UN.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
DRA-UN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRA-UN is lagging the market slightly.
In the last month DRA-UN has a been trading in the 4.77 - 5.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DRA-UN 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
4.43
7.78
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.11 to 5.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.02 from a trend line in the weekly time frame.
- Support @4.86 from a trend line in the daily time frame.
- Support @4.70 from a trend line in the weekly time frame.
- A support zone ranging from 4.47 to 4.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.38 to 5.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.70 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for DRA-UN.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRA-UN.CA is neutral. |
| ChartMill Relative Strength | 27.15 | NEGATIVE | DRA-UN.CA has a low relative strength, it was outperformed by 72.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRA-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DRA-UN.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRA-UN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.57 | NEUTRAL | The RSI value for DRA-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DRA-UN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.13 | NEUTRAL | The Stochastics value for DRA-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for DRA-UN.CA suggests some volalility. |
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)
Dream Hard Asset Alternatives Trust
TSX:DRA-UN (10/28/2020, 4:01:00 PM)
5.2
-0.17 (-3.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.17%
1 Week-4.76%
2 Weeks2.77%
1 Month5.91%
3 Month10.64%
6 Month9.01%
12 Month-30.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.96%
ATR Inc-2.12%
Range Today0.14
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.15
Mansfield-1.56
10 Day High5.58
10 Day Low5.06
20 Day High5.58
20 Day Low4.77
52 Week High7.94
52 Week Low3.77
CS1 End5.16
CR1 Start5.38
Volume & EV
DER(3)-3.99%
DER(5)2.14%
Volume47.90K
Volume Incr-19.7%
Vol(5)65.10K
Vol(50)55.19K