DRIL-QUIP INC (DRQ)       19.18  -0.01 (-0.05%)

19.18  -0.01 (-0.05%)

US2620371045 - Common Stock - After market: 19.18 0 (0%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to DRQ. DRQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, DRQ is a bad performer in the overall market: 72% of all stocks are doing better.
DRQ is part of the Energy Equipment & Services industry. There are 96 other stocks in this industry, of which 75% are performing better than DRQ.
DRQ is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month DRQ has a been trading in the 19.10 - 24.31 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -18.76% -24.15% -48.94% -26.56% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 28 18.17 - 41.23
DRQ Weekly chart
DRQ Daily chart

Support/Resistance Analysis


18.83

40.18
We found 1 important support area.
  • Support @19.02 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 21.47 to 21.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 22.04 to 22.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @25.87 from a horizontal line in the daily time frame.
  • Resistance @39.78 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

1

The technical rating of DRQ is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


DRQ Daily chart

DRIL-QUIP INC19.18

NYSE:DRQ (9/27/2022, 3:10:03 PM)-0.01 (-0.05%)

After market: 19.18 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Energy Equipment & Services
Performance
Today -0.05% 1 Week -14.64%
2 Weeks -18.03% 1 Month -18.76%
3 Month -24.15% 6 Month -48.94%
Volatility
ATR(14) 1.14 ATR(20)% 5.62%
ATR Inc 40.91% Range Today 0.88
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 28 Mansfield -1.37
10 Day High 23.35 10 Day Low 19.1
20 Day High 24.31 20 Day Low 19.1
52 Week High 41.23 52 Week Low 18.17
CS1 End 19.02 CR1 Start 21.47
Volume & EV
DER(3) -2.67% DER(5) 0.32%
Volume 194.41K Volume Incr -11.72%
Vol(5) 201.30K Vol(50) 231.76K

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