DRDGOLD LTD-SPONSORED ADR (DRD) Stock Technical Analysis
USA - NYSE:DRD - US26152H3012 - ADR
26.14 USD
+0.81 (+3.2%)
26.24 USD
+0.1 (+0.38%)
We assign a technical rating of 9 out of 10 to DRD. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month DRD has a been trading in the 23.26 - 31.91 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that DRD is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, DRD also shows a nice and consistent pattern of rising prices.
DRD is part of the Metals & Mining industry. There are 154 other stocks in this industry. DRD outperforms 88% of them.
DRD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DRD is performing more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
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
15.09
26.66
We found 4 important support areas.
- A support zone ranging from 24.49 to 25.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.81 to 23.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.13 from a trend line in the weekly time frame.
- Support @15.24 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.15 to 26.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for DRD is neutral. |
| ChartMill Relative Strength | 96.96 | POSITIVE | DRD has a high relative strength, it outperformed 96.96% 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) | 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) | 51.71 | NEUTRAL | The RSI value for DRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests DRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.75 | NEUTRAL | The Stochastics value for DRD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for DRD suggests high volalility. |
| Average Directional Index/ADX (14) | 26.12 | POSITIVE | The high ADX value value for DRD suggests a strong 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)
26.14
+0.81 (+3.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.2%
1 Week3.61%
2 Weeks3.94%
1 Month-9.11%
3 Month70.96%
6 Month67.78%
12 Month135.28%
2 Year180.47%
3 Year302.15%
5 Year146.6%
10 Year1619.74%
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%5.9%
ATR Inc-24.31%
Range Today0.67
ADR(20)1.2
ADR(20)%4.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.96
3 months CRS96.73
6 months CRS91.86
Mansfield5.59
10 Day High26.61
10 Day Low23.26
20 Day High31.91
20 Day Low23.26
52 Week High31.91
52 Week Low8.38
CS1 End25.15
CR1 Start26.15
Volume & EV
DER(3)-2.31%
DER(5)-2.81%
Volume443.10K
Volume Incr-38.17%
Vol(5)472.24K
Vol(50)895.53K
DRDGOLD LTD-SPONSORED ADR / DRD FAQ
Can you provide the ChartMill technical rating for DRDGOLD LTD-SPONSORED ADR?
ChartMill assigns a technical rating of 9 / 10 to DRD.
Can you provide the trend direction for DRDGOLD LTD-SPONSORED ADR?
The current trend direction for DRDGOLD LTD-SPONSORED ADR (DRD) is Bullish.
Can you provide the RSI signal for DRDGOLD LTD-SPONSORED ADR?
DRDGOLD LTD-SPONSORED ADR (DRD) has an RSI value of 51.7091. This indicates that the stock is currently neutral.
What is the MACD signal for DRDGOLD LTD-SPONSORED ADR (DRD) stock?
The MACD indicator for DRDGOLD LTD-SPONSORED ADR (DRD) has a value of -0.168261, indicating a bearish trend.