DRDGOLD LTD-SPONSORED ADR (DRD) Stock Technical Analysis
NYSE:DRD - New York Stock Exchange, Inc. - US26152H3012 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to DRD. Both in the recent history as in the last year, DRD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, DRD did better than 89% of all other stocks.
DRD 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 DRD is lagging the market slightly.
DRD is an average performer in the Metals & Mining industry, it outperforms 58% of 156 stocks in the same industry.
In the last month DRD has a been trading in the 13.25 - 16.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although DRD has an excellent technical rating, the quality of the presented setup is not ideal 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
9.48
16.36
5 important support areas can be observed.
- A support zone ranging from 14.13 to 14.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.60 from a trend line in the daily time frame.
- Support @13.32 from a horizontal line in the daily time frame.
- A support zone ranging from 12.95 to 12.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.00 to 16.20. This zone is formed by a combination of multiple trend lines 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 DRD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRD is up. |
| ChartMill Relative Strength | 89.12 | POSITIVE | DRD has a high relative strength, it outperformed 89.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.11 | NEUTRAL | The RSI value for DRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests DRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.67 | NEUTRAL | The Stochastics value for DRD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for DRD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.07 | NEGATIVE | The low ADX value for DRD suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 16.21 | 14.12 | 2.09 (12.89%) | 7.76% |
| An entry @16.21. This is a Buy Stop order right above the resistance zone. | An exit @14.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.09 points, which is 12.89%. | For a 1.00% total portfolio risk, you can invest 7.76% 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.
15.16
-0.13 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.85%
1 Week0.86%
2 Weeks10.58%
1 Month10.5%
3 Month7.29%
6 Month46.9%
12 Month57.26%
2 Year48.34%
3 Year184.96%
5 Year0.07%
10 Year1142.62%
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%3.93%
ATR Inc-5.85%
Range Today0.51
ADR(20)0.44
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.12
Mansfield1.65
10 Day High16.25
10 Day Low13.25
20 Day High16.25
20 Day Low13.25
52 Week High17.6
52 Week Low7.64
CS1 End14.41
CR1 Start16
Volume & EV
DER(3)-1.29%
DER(5)2.01%
Volume199.60K
Volume Incr20.33%
Vol(5)380.76K
Vol(50)448.95K