We assign a technical rating of 0 out of 10 to DRS. DRS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, DRS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.95, a Stop Loss order could be placed below this zone.
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32.21
When analyzing the support we can see 2 important areas.
- A support zone ranging from 33.85 to 33.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 32.54 to 33.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 34.14 to 34.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.13 from a trend line in the weekly time frame.
- A resistance zone ranging from 41.25 to 41.91. This zone is formed by a combination of multiple trend lines 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 DRS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRS is down. |
| ChartMill Relative Strength | 23.94 | NEGATIVE | DRS has a low relative strength, it was outperformed by 76.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DRS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DRS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.39 | NEUTRAL | The RSI value for DRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests DRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.44 | NEUTRAL | The Stochastics value for DRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for DRS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.96 | NEGATIVE | The low ADX value for DRS suggests a weak or negative trend. |
34.13
-0.15 (-0.44%)
LEONARDO DRS INC / DRS FAQ
What is the technical rating for DRS stock?
ChartMill assigns a technical rating of 0 / 10 to DRS.
What is the current trend direction of LEONARDO DRS INC (DRS) stock?
The current trend direction for LEONARDO DRS INC (DRS) is Bearish.
What is the RSI signal for LEONARDO DRS INC (DRS) stock?
LEONARDO DRS INC (DRS) has an RSI value of 47.3908. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for LEONARDO DRS INC?
The buy/sell signal for LEONARDO DRS INC (DRS) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for LEONARDO DRS INC?
LEONARDO DRS INC (DRS) has a support level at 33.95 and a resistance level at 34.14. Check the full technical report for our detailed analysis of DRS support and resistance levels.