DRESSER-RAND GROUP INC (DRC) Stock Technical Analysis
NYSE:DRC - New York Stock Exchange, Inc. - US2616081038
Overall DRC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, DRC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, DRC did better than 82% of all other stocks.
A new 52 week high is currently being made by DRC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so DRC is leading the market.
In the last month DRC has a been trading in a tight range between 84.36 and 85.20.
Volume is considerably higher in the last couple of days.
DRC has an excellent technical rating, but 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
78.29
86.13
We found 3 important support areas.
- A support zone ranging from 83.95 to 85.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.55 to 81.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 79.08 to 79.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 85.19 to 85.28. This zone is formed by a combination of multiple trend lines 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 DRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRC is up. |
| ChartMill Relative Strength | 82.09 | POSITIVE | DRC has a high relative strength, it outperformed 82.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.37 | OVERBOUGHT | The high RSI value suggests DRC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.79 | OVERBOUGHT | The high Stochastics value suggests DRC may be overbought. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for DRC suggests low 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)
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 |
|---|---|---|---|
| 85.29 | 84.61 | 0.68 (0.80%) | 25.00% |
| An entry @85.29. This is a Buy Stop order right above the resistance zone. | An exit @84.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.68 points, which is 0.80%. | For a 0.20% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
85.18
+0.01 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.01%
1 Week0.37%
2 Weeks0.48%
1 Month0.73%
3 Month5.29%
6 Month4.03%
12 Month35.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%0.24%
ATR Inc-74.67%
Range Today0.04
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
CRS82.09
Mansfield0.72
10 Day High85.2
10 Day Low84.62
20 Day High85.2
20 Day Low84.36
52 Week High85.2
52 Week Low56.79
CS1 End85.07
CR1 Start85.19
Volume & EV
DER(3)1%
DER(5)-0.52%
Volume7.01M
Volume Incr235.25%
Vol(5)2.13M
Vol(50)817.21K