Dream Global REIT (DRG-UN.CA) Technical Analysis
TSX:DRG-UN
Current stock price
DRG-UN.CA Technical Rating and Analysis
Taking everything into account, DRG-UN 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, DRG-UN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DRG-UN is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, DRG-UN also shows a nice and consistent pattern of rising prices.
- DRG-UN is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DRG-UN is leading the market.
- In the last month DRG-UN has a been trading in a tight range between 16.72 and 16.79.
- Volume is considerably higher in the last couple of days.
DRG-UN.CA Weekly and Daily overview Charts
DRG-UN.CA Setup Rating and Analysis
DRG-UN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.77, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
DRG-UN.CA Support and Resistance Analysis
14.58
2 important support areas can be observed.
- A support zone ranging from 16.67 to 16.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.73 to 15.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 16.80 to 16.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
DRG-UN.CA 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 | UP | POSITIVE | The long term trend for DRG-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRG-UN.CA is up. |
| ChartMill Relative Strength | 86.74 | POSITIVE | DRG-UN.CA has a high relative strength, it outperformed 86.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRG-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRG-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRG-UN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.98 | NEUTRAL | The RSI value for DRG-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DRG-UN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.57 | NEUTRAL | The Stochastics value for DRG-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for DRG-UN.CA suggests low volalility. |
DRG-UN.CA Chart- and CandleStick Pattern Analysis
DRG-UN.CA Example Setup
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 |
|---|---|---|---|
| 16.81 | 16.74 | 0.07 (0.42%) | 25.00% |
| An entry @16.81. This is a Buy Stop order right above the resistance zone. | An exit @16.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- 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.
DRG-UN.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:DRG-UN (12/11/2019, 9:09:41 PM)
16.79
+0.01 (+0.06%)
Dream Global REIT / DRG-UN.CA TA FAQ
What is the ChartMill technical rating of Dream Global REIT (DRG-UN.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to DRG-UN.CA.
Can you provide the trend direction for Dream Global REIT?
The current trend direction for Dream Global REIT (DRG-UN.CA) is Bullish.
What is the RSI signal for DRG-UN stock?
Dream Global REIT (DRG-UN.CA) has an RSI value of 67.9782. This indicates that the stock is currently neutral.
What is the short term momentum for Dream Global REIT (DRG-UN.CA) stock?
The short term momentum for Dream Global REIT (DRG-UN.CA) is positive.
Can you provide the support and resistance levels for Dream Global REIT?
Dream Global REIT (DRG-UN.CA) has a support level at 16.77 and a resistance level at 16.8. Check the full technical report for our detailed analysis of DRG-UN.CA support and resistance levels.