DRDGOLD LTD-SPONSORED ADR (DRD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DRD - US26152H3012 - ADR
Taking everything into account, DRD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DRD is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, DRD did better than 98% of all other stocks. We also observe that the gains produced by DRD over the past year are nicely spread over this period.
- DRD is part of the Metals & Mining industry. There are 156 other stocks in this industry. DRD outperforms 89% of them.
- DRD is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DRD has a been trading in the 29.30 - 36.56 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DRD has an excellent technical rating, it does not offer a high quality setup 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
31.43
We found 1 important support area.
- A support zone ranging from 31.75 to 32.00. 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 | 98.5 | POSITIVE | DRD has a high relative strength, it outperformed 98.5% 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) | 69.78 | NEUTRAL | The RSI value for DRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests DRD has a positive trend. |
| Stochastics (14,3) | 94.02 | OVERBOUGHT | The high Stochastics value suggests DRD may be overbought. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for DRD suggests some volalility. |
| Average Directional Index/ADX (14) | 17.41 | NEGATIVE | The low ADX value for DRD suggests a weak or negative trend. |
36.24
+0.38 (+1.06%)
DRDGOLD LTD-SPONSORED ADR / DRD FAQ
Can you provide the ChartMill technical rating for DRDGOLD LTD-SPONSORED ADR?
ChartMill assigns a technical rating of 10 / 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 Bullish.
Can you provide the RSI signal for DRDGOLD LTD-SPONSORED ADR?
DRDGOLD LTD-SPONSORED ADR (DRD) has an RSI value of 69.7816. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DRDGOLD LTD-SPONSORED ADR?
The short term momentum for DRDGOLD LTD-SPONSORED ADR (DRD) is positive.
What is the buy/sell signal for DRD stock?
The buy/sell signal for DRDGOLD LTD-SPONSORED ADR (DRD) is buy as both the short term and long term trends are positive.