LEONARDO DRS INC (DRS) Stock Technical Analysis
USA - NASDAQ:DRS - US52661A1088 - Common Stock
43.67 USD
+0.44 (+1.02%)
44 USD
+0.33 (+0.76%)
Overall DRS gets a technical rating of 8 out of 10. In the last year, DRS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that DRS is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by DRS over the past year are nicely spread over this period.
DRS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DRS is lagging the market slightly.
DRS is part of the Aerospace & Defense industry. There are 69 other stocks in this industry, DRS did better than 57% of them.
In the last month DRS has a been trading in the 41.00 - 45.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
DRS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 44.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.57, a Stop Loss order could be placed below this zone.
More info and screens
32.09
48.93
When analyzing the support we can see 5 important areas.
- A support zone ranging from 42.36 to 43.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.18 to 41.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 40.32 to 40.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @35.08 from a trend line in the weekly time frame.
- Support @32.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 44.55 to 45.40. 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 48.45 to 48.45. 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 | NEUTRAL | NEUTRAL | The short term trend for DRS is neutral. |
| ChartMill Relative Strength | 83.41 | POSITIVE | DRS has a high relative strength, it outperformed 83.41% 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) | 51.18 | NEUTRAL | The RSI value for DRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DRS has a negative trend. |
| Stochastics (14,3) | 52.67 | NEUTRAL | The Stochastics value for DRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for DRS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.66 | 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 |
|---|---|---|---|
| 45.41 | 43.19 | 2.22 (4.89%) | 20.45% |
| An entry @45.41. This is a Buy Stop order right above the resistance zone. | An exit @43.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.22 points, which is 4.89%. | When investing 20.45% 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.
43.67
+0.44 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg1.02%
1 Week-3.58%
2 Weeks-0.21%
1 Month3.94%
3 Month-9.27%
6 Month19.78%
12 Month52.05%
2 Year129%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%2.97%
ATR Inc-9.75%
Range Today0.89
ADR(20)1.26
ADR(20)%2.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.41
Mansfield0.39
10 Day High45.7
10 Day Low43.2
20 Day High45.7
20 Day Low41
52 Week High49.31
52 Week Low27.87
CS1 End43.57
CR1 Start44.55
Volume & EV
DER(3)-2.04%
DER(5)-2.63%
Volume518.22K
Volume Incr-37.06%
Vol(5)585.61K
Vol(50)903.71K