We assign a technical rating of 7 out of 10 to DRIV. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although DRIV has an excellent technical rating, it does not offer a high quality setup 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
27.30
We found 1 important support area.
- A support zone ranging from 27.58 to 28.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.58 to 30.71. 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 | 84.23 | POSITIVE | DRIV has a high relative strength, it outperformed 84.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DRIV is above a declining 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) | 54.29 | NEUTRAL | The RSI value for DRIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests DRIV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.24 | NEUTRAL | The Stochastics value for DRIV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for DRIV suggests some volalility. |
| Average Directional Index/ADX (14) | 18.69 | NEGATIVE | The low ADX value for DRIV suggests a weak or negative trend. |
29.4822
+0.5 (+1.72%)
GLOBAL X AUTONOMOUS&ELEC-ETF / DRIV FAQ
What is the ChartMill technical rating of GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) stock?
ChartMill assigns a technical rating of 7 / 10 to DRIV.
What is the trend direction for DRIV stock?
The current trend direction for GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) is Bullish.
Can you provide the RSI signal for GLOBAL X AUTONOMOUS&ELEC-ETF?
GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) has an RSI value of 54.2888. This indicates that the stock is currently neutral.
What is the MACD signal for DRIV stock?
The MACD indicator for GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) has a value of -0.0628112, indicating a bearish trend.