Dream Global REIT (DRG-UN.CA) Technical Analysis
TSX:DRG-UN
Current stock price
DRG-UN.CA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to DRG-UN. Both in the recent history as in the last year, DRG-UN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DRG-UN did better than 86% of all other stocks. On top of that, DRG-UN also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by DRG-UN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- 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
Besides having an excellent technical rating, DRG-UN 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.
Can you provide the RSI signal for Dream Global REIT?
Dream Global REIT (DRG-UN.CA) has an RSI value of 67.9782. This indicates that the stock is currently neutral.
What is the MACD signal for DRG-UN stock?
The MACD indicator for Dream Global REIT (DRG-UN.CA) has a value of -0.00920546, indicating a bearish trend.
What is the buy/sell signal for DRG-UN stock?
The buy/sell signal for Dream Global REIT (DRG-UN.CA) is buy as both the short term and long term trends are positive.