Dicerna Pharmaceuticals Inc (DRNA) Technical Analysis
NASDAQ:DRNA
Current stock price
DRNA Technical Rating and Analysis
Overall DRNA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, DRNA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, DRNA did better than 98% of all other stocks.
- DRNA is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 517 stocks in the same industry.
- DRNA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DRNA is leading the market.
- DRNA 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.
- DRNA has an average volume of 3304090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month DRNA has a been trading in a tight range between 37.78 and 38.27.
DRNA Weekly and Daily overview Charts
DRNA Setup Rating and Analysis
Besides having an excellent technical rating, DRNA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DRNA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
DRNA Support and Resistance Analysis
19.48
We found 5 important support areas.
- A support zone ranging from 37.80 to 38.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.12 from a trend line in the daily time frame.
- Support @21.84 from a trend line in the daily time frame.
- A support zone ranging from 20.61 to 20.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.68 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @38.26 from a horizontal line in the weekly time frame.
- Resistance @39.05 from a horizontal line in the daily time frame.
DRNA 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 DRNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRNA is up. |
| ChartMill Relative Strength | 98.23 | POSITIVE | DRNA has a high relative strength, it outperformed 98.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.28 | OVERBOUGHT | The high RSI value suggests DRNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests DRNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.41 | NEUTRAL | The Stochastics value for DRNA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for DRNA suggests low volalility. |
DRNA Chart- and CandleStick Pattern Analysis
DRNA 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 |
|---|---|---|---|
| 38.27 | 37.79 | 0.48 (1.25%) | 25.00% |
| An entry @38.27. This is a Buy Stop order right above the resistance zone. | An exit @37.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.48 points, which is 1.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
- 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.
DRNA Technicals: Chart, Performance Metrics, Trend & Indicators
38.22
+0.22 (+0.58%)
Dicerna Pharmaceuticals Inc / DRNA TA FAQ
What is the technical rating for DRNA stock?
ChartMill assigns a technical rating of 9 / 10 to DRNA.
Can you provide the trend direction for Dicerna Pharmaceuticals Inc?
The current trend direction for Dicerna Pharmaceuticals Inc (DRNA) is Bullish.
Can you provide the RSI signal for Dicerna Pharmaceuticals Inc?
Dicerna Pharmaceuticals Inc (DRNA) has an RSI value of 82.2809. This indicates that the stock is currently overbought.
What is the MACD signal for DRNA stock?
The MACD indicator for Dicerna Pharmaceuticals Inc (DRNA) has a value of -0.576418, indicating a bearish trend.
Can you provide the short term momentum for Dicerna Pharmaceuticals Inc?
The short term momentum for Dicerna Pharmaceuticals Inc (DRNA) is positive.