Dicerna Pharmaceuticals Inc (DRNA) Stock Technical Analysis
NASDAQ:DRNA - Common Stock
38.22
+0.22 (+0.58%)
38.24
+0.02 (+0.05%)
We assign a technical rating of 10 out of 10 to DRNA. 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!
When comparing the yearly performance of all stocks, we notice that DRNA is one of the better performing stocks in the market, outperforming 98% of all stocks.
DRNA is one of the better performing stocks in the Biotechnology industry, it outperforms 96% of 549 stocks in the same industry.
DRNA 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.
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.
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
19.48
39.44
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.
We can see 2 important resistance areas.
- Resistance @38.26 from a horizontal line in the weekly time frame.
- Resistance @39.05 from a horizontal line in the daily 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 | 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. |
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)
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.
38.22
+0.22 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.58%
1 Week1.08%
2 Weeks0.82%
1 Month0.61%
3 Month88.65%
6 Month1.19%
12 Month73.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%0.56%
ATR Inc-0.5%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.23
Mansfield2
10 Day High38.24
10 Day Low37.8
20 Day High38.27
20 Day Low37.78
52 Week High40.14
52 Week Low19.06
CS1 End38.04
CR1 Start38.26
Volume & EV
DER(3)3.31%
DER(5)3.82%
Volume5.57M
Volume Incr-40.39%
Vol(5)3.00M
Vol(50)3.30M