We assign a technical rating of 7 out of 10 to DRS. In the last year, DRS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- DRS is part of the Aerospace & Defense industry. There are 73 other stocks in this industry, of which 68% are performing better than DRS.
- The long and short term trends are both positive. This is looking good!
- DRS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- DRS has an average volume of 1041680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, DRS turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- 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.
DRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
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32.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 40.98 to 40.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.59 from a trend line in the weekly time frame.
- Support @33.08 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 41.25 to 41.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 42.39 to 42.58. 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 | 60.5 | NEUTRAL | DRS is not amongst the best or worst performers 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) | 66.7 | NEUTRAL | The RSI value for DRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests DRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.2 | NEUTRAL | The Stochastics value for DRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for DRS suggests some volalility. |
| Average Directional Index/ADX (14) | 38.38 | POSITIVE | The high ADX value value for DRS suggests a strong trend. |
40.99
-0.29 (-0.7%)
LEONARDO DRS INC / DRS FAQ
Can you provide the ChartMill technical rating for LEONARDO DRS INC?
ChartMill assigns a technical rating of 7 / 10 to DRS.
Can you provide the trend direction for LEONARDO DRS INC?
The current trend direction for LEONARDO DRS INC (DRS) is Bullish.
What is the RSI signal for LEONARDO DRS INC (DRS) stock?
LEONARDO DRS INC (DRS) has an RSI value of 66.697. This indicates that the stock is currently neutral.
What is the buy/sell signal for LEONARDO DRS INC (DRS) stock?
The buy/sell signal for LEONARDO DRS INC (DRS) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for LEONARDO DRS INC (DRS) stock?
LEONARDO DRS INC (DRS) has a support level at 40.98 and a resistance level at 41.25. Check the full technical report for our detailed analysis of DRS support and resistance levels.