DRDGOLD LTD-SPONSORED ADR (DRD) Stock Technical Analysis
NYSE:DRD - New York Stock Exchange, Inc. - US26152H3012 - ADR - Currency: USD
Taking everything into account, DRD scores 5 out of 10 in our technical rating. In the last year, DRD was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month DRD has a been trading in the 13.63 - 16.33 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that DRD is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
DRD is part of the Metals & Mining industry. There are 154 other stocks in this industry, DRD did better than 62% of them.
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 has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
9.20
15.99
When analyzing the support we can see 6 important areas.
- Support @13.96 from a horizontal line in the daily time frame.
- A support zone ranging from 13.73 to 13.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.43 from a horizontal line in the daily time frame.
- Support @9.85 from a trend line in the weekly time frame.
- Support @9.68 from a trend line in the daily time frame.
- Support @9.29 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 14.12 to 14.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.71 to 14.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 15.64 to 15.83. 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 DRD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRD is down. |
| ChartMill Relative Strength | 89.84 | POSITIVE | DRD has a high relative strength, it outperformed 89.84% 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 | MIXED | The current price of DRD is below 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) | 44.54 | NEUTRAL | The RSI value for DRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests DRD has a negative trend. |
| Stochastics (14,3) | 26.54 | NEUTRAL | The Stochastics value for DRD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for DRD suggests some volalility. |
| Average Directional Index/ADX (14) | 13.88 | 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)
14.09
-0.16 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.12%
1 Week0.36%
2 Weeks-10.14%
1 Month-7.24%
3 Month-0.84%
6 Month60.3%
12 Month59.93%
2 Year32.67%
3 Year140.03%
5 Year-10.77%
10 Year661.62%
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%4.5%
ATR Inc-33.96%
Range Today0.31
ADR(20)0.54
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.84
Mansfield1.98
10 Day High16.25
10 Day Low13.63
20 Day High16.33
20 Day Low13.63
52 Week High17.6
52 Week Low7.64
CS1 End13.96
CR1 Start14.12
Volume & EV
DER(3)-0.18%
DER(5)0.05%
Volume567.30K
Volume Incr56.46%
Vol(5)601.46K
Vol(50)471.38K