ROUNDHILL CHINA DRAGONS ETF (DRAG) Stock Technical Analysis
NYSEARCA:DRAG • US77926X8746
Taking everything into account, DRAG scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DRAG is only an average performer.
- Warning: DRAG has an average volume of 12238 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- DRAG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DRAG is lagging the market slightly.
- In the last month DRAG has a been trading in the 25.47 - 28.88 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that DRAG is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, DRAG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.64. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.29 to 28.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.54 to 26.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.43 to 24.50. 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 28.64 to 28.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.45 from a horizontal line in the daily 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 DRAG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRAG is up. |
| ChartMill Relative Strength | 77.93 | POSITIVE | DRAG has a high relative strength, it outperformed 77.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.7 | NEUTRAL | The RSI value for DRAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests DRAG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.98 | OVERBOUGHT | The high Stochastics value suggests DRAG may be overbought. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for DRAG suggests low volalility. |
| Average Directional Index/ADX (14) | 25.19 | POSITIVE | The high ADX value value for DRAG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.66 | 28.28 | 0.38 (1.33%) | 25.00% |
| An entry @28.66. This is a Buy Stop order right above the resistance zone. | An exit @28.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.38 points, which is 1.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%. |
- The distance between exit and entry is rather small compared to the average daily movement of DRAG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:DRAG (9/30/2025, 8:04:03 PM)
28.6253
+0.07 (+0.23%)
ROUNDHILL CHINA DRAGONS ETF / DRAG FAQ
What is the ChartMill technical rating of ROUNDHILL CHINA DRAGONS ETF (DRAG) stock?
ChartMill assigns a technical rating of 8 / 10 to DRAG.
Can you provide the trend direction for ROUNDHILL CHINA DRAGONS ETF?
The current trend direction for ROUNDHILL CHINA DRAGONS ETF (DRAG) is Bullish.
What is the RSI signal for ROUNDHILL CHINA DRAGONS ETF (DRAG) stock?
ROUNDHILL CHINA DRAGONS ETF (DRAG) has an RSI value of 62.7006. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ROUNDHILL CHINA DRAGONS ETF?
The short term momentum for ROUNDHILL CHINA DRAGONS ETF (DRAG) is positive.
What is the buy/sell signal for DRAG stock?
The buy/sell signal for ROUNDHILL CHINA DRAGONS ETF (DRAG) is buy as both the short term and long term trends are positive.