LEONARDO DRS INC (DRS) Stock Technical Analysis
NASDAQ:DRS - Nasdaq - US52661A1088 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to DRS. Both in the recent history as in the last year, DRS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that DRS is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, DRS also shows a nice and consistent pattern of rising prices.
DRS is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 70% of 66 stocks in the same industry.
DRS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month DRS has a been trading in the 42.18 - 47.80 range, which is quite wide. It is currently trading near the high of this range.
DRS has an average volume of 1329540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 46.27, a Stop Loss order could be placed below this zone.
More info and screens
27.94
48.06
We found 6 important support areas.
- A support zone ranging from 45.36 to 46.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @44.34 from a trend line in the daily time frame.
- A support zone ranging from 42.72 to 43.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.52 from a trend line in the weekly time frame.
- Support @30.95 from a trend line in the weekly time frame.
- Support @28.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.58 to 47.58. 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 | UP | POSITIVE | The long term trend for DRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRS is up. |
| ChartMill Relative Strength | 93.21 | POSITIVE | DRS has a high relative strength, it outperformed 93.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRS is above 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) | 61.94 | NEUTRAL | The RSI value for DRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DRS has a positive trend. |
| Stochastics (14,3) | 84.7 | OVERBOUGHT | The high Stochastics value suggests DRS may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for DRS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.09 | 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)
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 |
|---|---|---|---|
| 47.59 | 45.35 | 2.24 (4.71%) | 21.25% |
| An entry @47.59. This is a Buy Stop order right above the resistance zone. | An exit @45.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.24 points, which is 4.71%. | When investing 21.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DRS. Please evaluate whether better entry and exit points can be found.
- 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.
47.57
+1.33 (+2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg2.88%
1 Week2.5%
2 Weeks6.66%
1 Month6.56%
3 Month35.53%
6 Month43.89%
12 Month78.63%
2 Year185.02%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.65
ATR(20)%3.79%
ATR Inc9.25%
Range Today1.37
ADR(20)1.73
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.21
Mansfield2.92
10 Day High47.8
10 Day Low44.3
20 Day High47.8
20 Day Low42.18
52 Week High47.8
52 Week Low22.73
CS1 End46.27
CR1 Start47.58
Volume & EV
DER(3)0.11%
DER(5)-1.38%
Volume867.10K
Volume Incr-33.6%
Vol(5)1.12M
Vol(50)1.33M