Euro -2X ETN Vaneck (DRR) Stock Technical Analysis
USA - NYSEARCA:DRR -
65
0 (0%)
65.2
+0.2 (+0.31%)
Overall DRR gets a technical rating of 5 out of 10. 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.
Warning: DRR has an average volume of 574 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, DRR did better than 83% of all other stocks. However, we also see that DRR couldn't keep up this performance in the last couple of months.
DRR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRR is lagging the market.
In the last month DRR has a been trading in the 58.52 - 71.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
DRR has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
58.02
74.15
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.
We can see 3 important resistance areas.
- 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. |
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)
65
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-2.99%
2 Weeks-1.52%
1 Month3.16%
3 Month-2.91%
6 Month0.99%
12 Month5.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.15
ATR(20)%3.92%
ATR Inc-69.98%
Range Today0
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
CRS83.09
Mansfield0.15
10 Day High69.5
10 Day Low62.25
20 Day High71.16
20 Day Low58.52
52 Week High83.04
52 Week Low52.6
CS1 End63.5
CR1 Start66.09
Volume & EV
DER(3)0%
DER(5)0%
Volume300
Volume Incr-46.15%
Vol(5)280
Vol(50)574.92