DRDGOLD LTD-SPONSORED ADR (DRD) Technical Analysis
NYSE:DRD • US26152H3012
Current stock price
DRD Technical Rating and Analysis
Overall DRD gets a technical rating of 2 out of 10. Although DRD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month DRD has a been trading in the 25.70 - 39.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, DRD did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- DRD is an average performer in the Metals & Mining industry, it outperforms 63% of 159 stocks in the same industry.
- DRD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRD is lagging the market slightly.
DRD Weekly and Daily overview Charts
DRD Setup Rating and Analysis
The technical rating of DRD is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
DRD Support and Resistance Analysis
19.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 26.13 to 26.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.30 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @39.18 from a horizontal line in the daily time frame.
DRD Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for DRD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRD is down. |
| ChartMill Relative Strength | 89.73 | POSITIVE | DRD has a high relative strength, it outperformed 89.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRD is below a declining 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) | 28.23 | OVERSOLD | The low RSI value suggests DRD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests DRD has a negative trend. |
| Stochastics (14,3) | 5.08 | OVERSOLD | The low Stochastics value suggests DRD may be oversold. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for DRD suggests high volalility. |
| Average Directional Index/ADX (14) | 23.91 | NEUTRAL | The ADX value for DRD suggests a possible start of a new trend. |
DRD Chart- and CandleStick Pattern Analysis
DRD Technicals: Chart, Performance Metrics, Trend & Indicators
26.14
-0.48 (-1.8%)
DRDGOLD LTD-SPONSORED ADR / DRD TA FAQ
Can you provide the ChartMill technical rating for DRDGOLD LTD-SPONSORED ADR?
ChartMill assigns a technical rating of 2 / 10 to DRD.
What is the current trend direction of DRDGOLD LTD-SPONSORED ADR (DRD) stock?
The current trend direction for DRDGOLD LTD-SPONSORED ADR (DRD) is Bearish.
Can you provide the RSI signal for DRDGOLD LTD-SPONSORED ADR?
DRDGOLD LTD-SPONSORED ADR (DRD) has an RSI value of 28.2283. This indicates that the stock is currently oversold.
Can you provide the short term momentum for DRDGOLD LTD-SPONSORED ADR?
The short term momentum for DRDGOLD LTD-SPONSORED ADR (DRD) is negative.