GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) Stock Technical Analysis
USA - NASDAQ:DRIV - US37954Y6243 - ETF
28.98 USD
0 (-0.01%)
28.99 USD
+0.01 (+0.03%)
Overall DRIV gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DRIV is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
DRIV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
Looking at the yearly performance, DRIV did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month DRIV has a been trading in the 27.14 - 29.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although DRIV has an excellent technical rating, it does not present a decent entry opportunity 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
22.60
29.86
We found 3 important support areas.
- A support zone ranging from 27.49 to 27.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.86 from a trend line in the daily time frame.
- Support @22.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.35 to 29.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 DRIV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRIV is neutral. |
| ChartMill Relative Strength | 83.15 | POSITIVE | DRIV has a high relative strength, it outperformed 83.15% off all stocks 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) | UP | POSITIVE | The current price of DRIV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRIV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.39 | NEUTRAL | The RSI value for DRIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests DRIV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.41 | NEUTRAL | The Stochastics value for DRIV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for DRIV suggests low volalility. |
| Average Directional Index/ADX (14) | 30.8 | POSITIVE | The high ADX value value for DRIV suggests a strong 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)
28.98
0 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.01%
1 Week-0.21%
2 Weeks2.48%
1 Month6.76%
3 Month16.83%
6 Month49.38%
12 Month26.72%
2 Year38.93%
3 Year36.06%
5 Year66.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%1.99%
ATR Inc144.28%
Range Today1.01
ADR(20)0.5
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.15
Mansfield1.14
10 Day High29.76
10 Day Low27.51
20 Day High29.76
20 Day Low27.14
52 Week High29.76
52 Week Low17.45
CS1 End27.58
CR1 Start29.35
Volume & EV
DER(3)-2.38%
DER(5)0.81%
Volume39.40K
Volume Incr-24.59%
Vol(5)65.40K
Vol(50)89.33K