LEONARDO DRS INC (DRS) Technical Analysis
NASDAQ:DRS • US52661A1088
Current stock price
DRS Technical Rating and Analysis
Overall DRS gets a technical rating of 10 out of 10. 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 89% of all stocks.
- DRS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DRS is performing more or less in line with the market.
- In the last month DRS has a been trading in the 42.05 - 47.74 range, which is quite wide. It is currently trading near the high of this range.
- DRS has an average volume of 1230290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DRS is an average performer in the Aerospace & Defense industry, it outperforms 62% of 79 stocks in the same industry.
DRS Weekly and Daily overview Charts
DRS Setup Rating and Analysis
Besides having an excellent technical rating, DRS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 48.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.64, a Stop Loss order could be placed below this zone.
More info and screens
DRS Support and Resistance Analysis
34.47
We found 6 important support areas.
- A support zone ranging from 44.69 to 45.64. 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 43.81 to 43.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.13 to 42.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.25 from a horizontal line in the daily time frame.
- Support @40.58 from a trend line in the weekly time frame.
- Support @34.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.33 to 48.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
DRS 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 DRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRS is up. |
| ChartMill Relative Strength | 89.81 | POSITIVE | DRS has a high relative strength, it outperformed 89.81% 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) | 59.34 | NEUTRAL | The RSI value for DRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests DRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.22 | NEUTRAL | The Stochastics value for DRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for DRS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.79 | POSITIVE | The high ADX value value for DRS suggests a strong trend. |
DRS Chart- and CandleStick Pattern Analysis
DRS 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 |
|---|---|---|---|
| 48.46 | 44.68 | 3.78 (7.80%) | 12.82% |
| An entry @48.46. This is a Buy Stop order right above the resistance zone. | An exit @44.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.78 points, which is 7.80%. | When investing 12.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
DRS Technicals: Chart, Performance Metrics, Trend & Indicators
46.53
+0.21 (+0.45%)
LEONARDO DRS INC / DRS TA FAQ
Can you provide the ChartMill technical rating for LEONARDO DRS INC?
ChartMill assigns a technical rating of 10 / 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 59.3445. 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 45.64 and a resistance level at 48.33. Check the full technical report for our detailed analysis of DRS support and resistance levels.