LEONARDO DRS INC (DRS) Stock Technical Analysis
NASDAQ:DRS - Nasdaq - US52661A1088 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to DRS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month DRS has a been trading in the 40.22 - 49.31 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Looking at the yearly performance, DRS did better than 83% of all other stocks. We also observe that the gains produced by DRS over the past year are nicely spread over this period.
DRS has an average volume of 1439050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
DRS is part of the Aerospace & Defense industry. There are 67 other stocks in this industry, DRS did better than 46% of them.
DRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRS is lagging the market.
Although DRS has an excellent technical rating, it does not present a decent entry opportunity 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
27.87
48.81
5 important support areas can be observed.
- A support zone ranging from 41.47 to 41.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.25 from a trend line in the weekly time frame.
- Support @31.36 from a trend line in the weekly time frame.
- Support @29.83 from a trend line in the daily time frame.
- Support @28.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @48.33 from a horizontal 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 | UP | POSITIVE | The long term trend for DRS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRS is down. |
| ChartMill Relative Strength | 83.78 | POSITIVE | DRS has a high relative strength, it outperformed 83.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DRS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.73 | NEUTRAL | The RSI value for DRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.86 | NEGATIVE | The MACD value suggests DRS has a negative trend. |
| Stochastics (14,3) | 17.38 | OVERSOLD | The low Stochastics value suggests DRS may be oversold. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for DRS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.37 | NEGATIVE | The low ADX value for DRS 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)
41.48
-0.77 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.82%
1 Week-13.94%
2 Weeks-10.1%
1 Month-10.68%
3 Month-0.69%
6 Month19.82%
12 Month50.29%
2 Year142.29%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.77
ATR(20)%4.03%
ATR Inc-29.81%
Range Today1.64
ADR(20)1.62
ADR(20)%3.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.78
Mansfield0.9
10 Day High49.31
10 Day Low40.22
20 Day High49.31
20 Day Low40.22
52 Week High49.31
52 Week Low26
CS1 End41.47
CR1 Start48.33
Volume & EV
DER(3)-0.2%
DER(5)-0.74%
Volume1.26M
Volume Incr72.76%
Vol(5)2.03M
Vol(50)1.44M