DRAXOS CAPITAL CORP (DRAX-P.CA) Stock Technical Analysis
TSX-V:DRAX-P - TSX Venture Exchange - CA26150W1023 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to DRAX-P. DRAX-P performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of DRAX-P is bad and it also does not present a 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
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When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.09 to 0.09. 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 DRAX-P.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRAX-P.CA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | DRAX-P.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRAX-P.CA is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 40.52 | NEUTRAL | The RSI value for DRAX-P.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DRAX-P.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.52 | OVERSOLD | The low Stochastics value suggests DRAX-P.CA may be oversold. |
| Average True Range in percent/ATR (20) | 23 | HIGH VOLATILITY | The high ATR as a percentage value for DRAX-P.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 38.72 | POSITIVE | The high ADX value value for DRAX-P.CA suggests a strong trend. |
TSX-V:DRAX-P (7/31/2025, 7:00:00 PM)
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