DRIL-QUIP INC (DRQ) Stock Technical Analysis
NYSE:DRQ - New York Stock Exchange, Inc. - US2620371045 - Common Stock - Currency: USD
We assign a technical rating of 1 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
89% of all other stocks performed better in the past year than DRQ.
DRQ is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, of which 75% are performing better than DRQ.
DRQ is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRQ is lagging the market.
In the last month DRQ has a been trading in the 14.08 - 16.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, DRQ does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
15.26
20.90
We can see 4 important resistance areas.
- A resistance zone ranging from 16.00 to 16.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.16 from a trend line in the daily time frame.
- Resistance @19.74 from a trend line in the weekly time frame.
- Resistance @20.69 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for DRQ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRQ is neutral. |
| ChartMill Relative Strength | 11.03 | NEGATIVE | DRQ has a low relative strength, it was outperformed by 88.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DRQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.74 | NEUTRAL | The RSI value for DRQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DRQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.48 | NEUTRAL | The Stochastics value for DRQ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for DRQ suggests some volalility. |
| Average Directional Index/ADX (14) | 14.49 | NEGATIVE | The low ADX value for DRQ suggests a weak or negative trend. |
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)
15.41
-0.56 (-3.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-3.51%
1 Week-6.38%
2 Weeks0.13%
1 Month5.33%
3 Month-12.09%
6 Month-32.32%
12 Month-47.23%
2 Year-21.06%
3 Year-38.8%
5 Year-69.29%
10 Year-82.76%
15 Year-68.96%
Volatility
ATR(14)0.55
ATR(20)%3.67%
ATR Inc0.86%
Range Today0.77
ADR(20)0.54
ADR(20)%3.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.03
Mansfield-3.32
10 Day High16.58
10 Day Low15.38
20 Day High16.58
20 Day Low14.08
52 Week High30.93
52 Week Low14.07
CS1 EndN/A
CR1 Start16
Volume & EV
DER(3)0.68%
DER(5)2.19%
Volume403.60K
Volume Incr24.13%
Vol(5)356.70K
Vol(50)291.73K