Taking everything into account, DRR scores 5 out of 10 in our technical rating. Although DRR 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.
DRR has an average technical rating and also the quality of the setup is only medium 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.
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3 important support areas can be observed.
- A support zone ranging from 63.22 to 63.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @62.22 from a horizontal line in the daily time frame.
- A support zone ranging from 58.61 to 59.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 66.09 to 66.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 69.65 to 69.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 73.42 to 73.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 DRR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRR is neutral. |
| ChartMill Relative Strength | 83.09 | POSITIVE | DRR has a high relative strength, it outperformed 83.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DRR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DRR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.37 | NEUTRAL | The RSI value for DRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests DRR has a negative trend. |
| Stochastics (14,3) | 54.22 | NEUTRAL | The Stochastics value for DRR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for DRR suggests some volalility. |
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Euro -2X ETN Vaneck / DRR FAQ
Can you provide the ChartMill technical rating for Euro -2X ETN Vaneck?
ChartMill assigns a technical rating of 4 / 10 to DRR.
What is the current trend direction of Euro -2X ETN Vaneck (DRR) stock?
The current trend direction for Euro -2X ETN Vaneck (DRR) is Bearish.
What is the RSI signal for DRR stock?
Euro -2X ETN Vaneck (DRR) has an RSI value of 47.3739. This indicates that the stock is currently neutral.
What is the MACD signal for DRR stock?
The MACD indicator for Euro -2X ETN Vaneck (DRR) has a value of -0.138738, indicating a bearish trend.
Can you provide the support and resistance levels for Euro -2X ETN Vaneck?
Euro -2X ETN Vaneck (DRR) has a support level at 63.5 and a resistance level at 66.09. Check the full technical report for our detailed analysis of DRR support and resistance levels.