We assign a technical rating of 6 out of 10 to DRAI. Although DRAI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: DRAI has an average volume of 8094 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- DRAI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the yearly performance of all stocks, we notice that DRAI is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month DRAI has a been trading in a tight range between 30.21 and 31.16.
Although the technical rating is only medium, DRAI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 30.65, a Stop Loss order could be placed below this zone.
More info and screens
27.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.17 to 30.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.71 to 31.24. 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 DRAI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRAI is neutral. |
| ChartMill Relative Strength | 78.41 | POSITIVE | DRAI has a high relative strength, it outperformed 78.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.21 | NEUTRAL | The RSI value for DRAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DRAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.69 | NEUTRAL | The Stochastics value for DRAI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for DRAI suggests low volalility. |
| Average Directional Index/ADX (14) | 12.87 | NEGATIVE | The low ADX value for DRAI suggests a weak or negative 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 |
|---|---|---|---|
| 30.72 | 30.38 | 0.34 (1.11%) | 25.00% |
| An entry @30.72. This is a Buy Stop order right above the 10 day moving average. | An exit @30.38. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.34 points, which is 1.11%. | For a 0.28% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DRAI. 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:DRAI (1/16/2026, 8:07:27 PM)
30.71
+0.02 (+0.05%)
DRACO EVOLUTION AI ETF / DRAI FAQ
Can you provide the ChartMill technical rating for DRACO EVOLUTION AI ETF?
ChartMill assigns a technical rating of 6 / 10 to DRAI.
What is the trend direction for DRAI stock?
The current trend direction for DRACO EVOLUTION AI ETF (DRAI) is Bullish.
What is the RSI signal for DRACO EVOLUTION AI ETF (DRAI) stock?
DRACO EVOLUTION AI ETF (DRAI) has an RSI value of 51.2094. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DRACO EVOLUTION AI ETF?
The MACD indicator for DRACO EVOLUTION AI ETF (DRAI) has a value of 0.00523691, indicating a bearish trend.
Can you provide the support and resistance levels for DRACO EVOLUTION AI ETF?
DRACO EVOLUTION AI ETF (DRAI) has a support level at 30.65 and a resistance level at 30.71. Check the full technical report for our detailed analysis of DRAI support and resistance levels.