DURECT CORPORATION (DRRX) Technical Analysis
NASDAQ:DRRX • US2666055007
Current stock price
DRRX Technical Rating and Analysis
Taking everything into account, DRRX scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, DRRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- DRRX is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. DRRX outperforms 90% of them.
- DRRX has an average volume of 1467000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DRRX is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- DRRX is currently trading in the middle 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 slightly.
- In the last month DRRX has a been trading in a tight range between 1.86 and 1.97.
DRRX Weekly and Daily overview Charts
DRRX Setup Rating and Analysis
Besides having an excellent technical rating, DRRX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.90, a Stop Loss order could be placed below this zone.
More info and screens
DRRX Support and Resistance Analysis
1.87
We found 1 important support area.
- A support zone ranging from 1.89 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.92 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.97 from a horizontal line in the daily time frame.
DRRX Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for DRRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRRX is up. |
| ChartMill Relative Strength | 96.77 | POSITIVE | DRRX has a high relative strength, it outperformed 96.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.28 | NEUTRAL | The RSI value for DRRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DRRX has a negative trend. |
| Stochastics (14,3) | 59.85 | NEUTRAL | The Stochastics value for DRRX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for DRRX suggests low volalility. |
| Average Directional Index/ADX (14) | 72.38 | POSITIVE | The high ADX value value for DRRX suggests a strong trend. |
DRRX Chart- and CandleStick Pattern Analysis
DRRX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.94 | 1.89 | 0.05 (2.58%) | 25.00% |
| An entry @1.94. This is a Buy Stop order right above the resistance zone. | An exit @1.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 2.58%. | For a 0.64% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DRRX Technicals: Chart, Performance Metrics, Trend & Indicators
1.91
-0.02 (-1.04%)
DURECT CORPORATION / DRRX TA FAQ
What is the ChartMill technical rating of DURECT CORPORATION (DRRX) stock?
ChartMill assigns a technical rating of 8 / 10 to DRRX.
What is the trend direction for DRRX stock?
The current trend direction for DURECT CORPORATION (DRRX) is Bullish.
What is the RSI signal for DURECT CORPORATION (DRRX) stock?
DURECT CORPORATION (DRRX) has an RSI value of 67.2796. This indicates that the stock is currently neutral.
What is the short term momentum for DURECT CORPORATION (DRRX) stock?
The short term momentum for DURECT CORPORATION (DRRX) is positive.
What is the buy/sell signal for DRRX stock?
The buy/sell signal for DURECT CORPORATION (DRRX) is buy as both the short term and long term trends are positive.