DURECT CORPORATION (DRRX) Stock Technical Analysis
NASDAQ:DRRX - Nasdaq - US2666055007 - Common Stock - Currency: USD
Taking everything into account, DRRX scores 0 out of 10 in our technical rating. DRRX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, DRRX is a bad performer in the overall market: 96% of all stocks are doing better.
DRRX is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 76% are performing better than DRRX.
DRRX 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 DRRX is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month DRRX has a been trading in the 0.48 - 0.70 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, DRRX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.63. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for DRRX 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
0.52
0.74
We found 1 important support area.
- Support @0.53 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.63 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.73 from a trend 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 | DOWN | NEGATIVE | The long term trend for DRRX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRRX is neutral. |
| ChartMill Relative Strength | 4.75 | NEGATIVE | DRRX has a low relative strength, it was outperformed by 95.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DRRX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.15 | NEUTRAL | The RSI value for DRRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DRRX has a positive trend. |
| Stochastics (14,3) | 77.75 | NEUTRAL | The Stochastics value for DRRX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.82 | HIGH VOLATILITY | The high ATR as a percentage value for DRRX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for DRRX 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)
0.615
-0.03 (-3.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.91%
1 Week13.68%
2 Weeks15.75%
1 Month-0.42%
3 Month-28.49%
6 Month-18%
12 Month-62.73%
2 Year-87.58%
3 Year-87.13%
5 Year-97.35%
10 Year-97.43%
15 Year-97.47%
Volatility
ATR(14)0.06
ATR(20)%9.82%
ATR Inc46.72%
Range Today0.06
ADR(20)0.06
ADR(20)%9.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.75
Mansfield-4.29
10 Day High0.68
10 Day Low0.5
20 Day High0.7
20 Day Low0.48
52 Week High1.84
52 Week Low0.48
CS1 End0.53
CR1 Start0.63
Volume & EV
DER(3)18.06%
DER(5)26.52%
Volume62.80K
Volume Incr-68.69%
Vol(5)56.36K
Vol(50)125.28K