Dream Hard Asset Alternatives Trust (DRA-UN.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:DRA-UN -
Taking everything into account, DRA-UN scores 4 out of 10 in our technical rating. In the last year, DRA-UN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 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 currently trading near new highs, so DRA-UN is lagging the market.
- 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
We found 5 important support 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.
We can see 2 important resistance 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. |
Dream Hard Asset Alternatives Trust
TSX:DRA-UN (10/28/2020, 4:01:00 PM)
5.2
-0.17 (-3.17%)
Dream Hard Asset Alternatives Trust / DRA-UN.CA FAQ
Can you provide the ChartMill technical rating for Dream Hard Asset Alternatives Trust?
ChartMill assigns a technical rating of 4 / 10 to DRA-UN.CA.
What is the trend direction for DRA-UN stock?
The current trend direction for Dream Hard Asset Alternatives Trust (DRA-UN.CA) is Bearish.
What is the RSI signal for DRA-UN stock?
Dream Hard Asset Alternatives Trust (DRA-UN.CA) has an RSI value of 50.5748. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Dream Hard Asset Alternatives Trust?
Dream Hard Asset Alternatives Trust (DRA-UN.CA) has a support level at 5.16 and a resistance level at 5.38. Check the full technical report for our detailed analysis of DRA-UN.CA support and resistance levels.