DRDGOLD LTD-SPONSORED ADR (DRD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DRD - US26152H3012 - ADR
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.
Besides having an excellent technical rating, DRD also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
17.45
2 important support areas can be observed.
- A support zone ranging from 30.32 to 30.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.63 from a trend line in the weekly 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 | 98.26 | POSITIVE | DRD has a high relative strength, it outperformed 98.26% 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) | 54.75 | NEUTRAL | The RSI value for DRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests DRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.69 | NEUTRAL | The Stochastics value for DRD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for DRD suggests high volalility. |
| Average Directional Index/ADX (14) | 20.23 | NEUTRAL | The ADX value for DRD suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 34.81 | 30.31 | 4.50 (12.93%) | 7.74% |
| An entry @34.81. This is a Buy Stop order right above the 10 day high. | An exit @30.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.50 points, which is 12.93%. | For a 1.00% total portfolio risk, you can invest 7.74% 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.
32.6
+0.98 (+3.1%)
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 54.7467. 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.