GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) Stock Technical Analysis
NASDAQ:DRIV - Nasdaq - US37954Y6243 - ETF - Currency: USD
Taking everything into account, DRIV scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. DRIV was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, DRIV is a bad performer in the overall market: 70% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
DRIV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
DRIV 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 DRIV is lagging the market slightly.
DRIV has an average technical rating and the quality of the presented setup is also not ideal 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
21.44
25.38
We found 1 important support area.
- A support zone ranging from 21.66 to 21.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 22.46 to 22.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.75 to 23.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.23 from a horizontal line in the daily time frame.
- Resistance @24.70 from a horizontal line in the weekly time frame.
- Resistance @25.13 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for DRIV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRIV is up. |
| ChartMill Relative Strength | 30.09 | NEUTRAL | DRIV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRIV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DRIV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DRIV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.44 | NEUTRAL | The RSI value for DRIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DRIV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.73 | NEUTRAL | The Stochastics value for DRIV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for DRIV suggests low volalility. |
| Average Directional Index/ADX (14) | 17.25 | NEGATIVE | The low ADX value for DRIV 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)
21.94
-0.17 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.77%
1 Week-3.35%
2 Weeks1.95%
1 Month5.68%
3 Month-7.62%
6 Month-6.88%
12 Month-11.39%
2 Year-6.28%
3 Year-12.31%
5 Year62.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%1.74%
ATR Inc-17.83%
Range Today0.37
ADR(20)0.29
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.09
Mansfield-0.55
10 Day High22.84
10 Day Low21.69
20 Day High22.84
20 Day Low20.29
52 Week High25.46
52 Week Low17.45
CS1 End21.93
CR1 Start22.46
Volume & EV
DER(3)5.64%
DER(5)5.59%
Volume28.60K
Volume Incr2.75%
Vol(5)41.36K
Vol(50)55.33K