GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) Technical Analysis
NASDAQ:DRIV • US37954Y6243
Current stock price
DRIV Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to DRIV. Although DRIV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month DRIV has a been trading in the 29.12 - 33.75 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that DRIV is one of the better performing stocks in the market, outperforming 79% of all stocks.
- DRIV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DRIV is performing more or less in line with the market.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
DRIV Weekly and Daily overview Charts
DRIV Setup Rating and Analysis
The technical rating of DRIV is bad and it also does not present a 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
DRIV Support and Resistance Analysis
29.02
When analyzing the support we notice one important area.
- A support zone ranging from 29.31 to 29.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.49 to 31.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.19 to 33.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
DRIV 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 | NEUTRAL | NEUTRAL | The long term trend for DRIV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRIV is down. |
| ChartMill Relative Strength | 79.76 | POSITIVE | DRIV has a high relative strength, it outperformed 79.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRIV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRIV is below a declining 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) | 33.74 | NEUTRAL | The RSI value for DRIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests DRIV has a negative trend. |
| Stochastics (14,3) | 18.1 | OVERSOLD | The low Stochastics value suggests DRIV may be oversold. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for DRIV suggests some volalility. |
| Average Directional Index/ADX (14) | 30.16 | POSITIVE | The high ADX value value for DRIV suggests a strong trend. |
DRIV Chart- and CandleStick Pattern Analysis
DRIV Technicals: Chart, Performance Metrics, Trend & Indicators
29.32
-1 (-3.3%)
GLOBAL X AUTONOMOUS&ELEC-ETF / DRIV TA FAQ
What is the ChartMill technical rating of GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) stock?
ChartMill assigns a technical rating of 2 / 10 to DRIV.
Can you provide the trend direction for GLOBAL X AUTONOMOUS&ELEC-ETF?
The current trend direction for GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) is Bearish.
What is the RSI signal for GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) stock?
GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) has an RSI value of 33.741. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) stock?
The MACD indicator for GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) has a value of -0.150861, indicating a bearish trend.
Can you provide the support and resistance levels for GLOBAL X AUTONOMOUS&ELEC-ETF?
GLOBAL X AUTONOMOUS&ELEC-ETF (DRIV) has a support level at 29.31 and a resistance level at 30.49. Check the full technical report for our detailed analysis of DRIV support and resistance levels.